TAG: CBN

CBN Admits Banks Need Help

I do not like to sound alarmist but some Nigerian banks are particularly not in a state of good...





Why Black Market Is Not Going Away Even If We Float

Nairametrics| As at Friday, the 17th of March 2017, the exchange rate at the black market was about N455/$1 compared to...


How They Are All Connected To The Etisalat Web Of Debt

Nairametrics| With Etisalat, the duo of the Central Bank Of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have a big...



Bailout? Etisalat Owes IHS Too And Has Defaulted In Payments

Nairametrics| Despite the temporary reprieve from what was an imminent commencement of receivership activities by a consortium of Nigerian Banks,...



Ex CBN Governor Soludo Criticizes Government’s Recovery Plan

Nairametrics| Central Bank Governors by nature are slow to speak. The slightest misinterpretation of their words, can send the...



Tall Dreams: Udo Udoma And His Claims That 2017 Budget Will Lift Nigeria From Recession

Nairametrics|Minister of Budget and Planning, Udoma Udo Udoma told the National Assembly that a quick passage of the 2017...


5 Possible Reasons Why Etisalat Defaulted

Nairametrics| Business definitely looked rosier for Etisalat after six months of operations in Nigeria. The telecoms company with a...


CBN AND NDIC’s Tussle Over Funds In Dormant Accounts

Nairametrics| At a public hearing by the House of Representatives on amendment of the Banks and Other Financial Institutions...


CBN Instructs Banks To Open Dedicated Teller Points For PTA, School fees etc.

Nairametrics| The Central Bank of Nigeria has issued a new circular to banks instructing them to open teller points...


Exchange Rate Back To N470 After CBN “Pumped” $570 million Last Week

Nairametrics|The Central Bank of Nigeria (CBN) will this weekend release $350 million into the market, to meet demand for...




How The CBN Inadvertently Made Tomatoes Expensive in Kano

Nairametrics| The Central bank of Nigeria (CBN) in its quest to encourage Nigeria’s self-sufficiency in food production may have...