Wealth.ng

This Is The Real Reason Why CBN Raised Bank CRR On Public Sector Funds

When the CBN announced a couple of weeks ago that it was increasing bank CRR for public sector funds a lot of pundits (including...

How The Government Plans To Spend The Money In Your Dormant Account

This is one of those news that gets lost in the flurry of political gist we hear everyday. The Nation reports the Government plans...

Finally CBN Is Worried: Only 5 Banks Control Half Of The Entire Nigerian Banking...

The CBN is now apparently worried only 5 banks control 50% the entire banking sector in the country as reported in the papers. I...

Why CBN Revoked Operating License Of Express Discount Limited

  I guess we have not heard the last of the banking crisis which started in 2009 following the take over of some Nigerian banks....

Are We All Guilty? Bank Customers Issued Dud Cheques Worth N166billion In 2012

  The Central Bank of Nigeria, CBN, Wednesday, said banks’ customers across the country issue N166 billion worth of dud cheques in 2012. Commonly referred to...

CBN Launches Portal Solely Dedicated For Report Of E-Payment Related Frauds

The Central Bank of Nigeria (CBN) has concluded plans to launch a portal solely dedicated for reports of frauds arising from the use of...

E- Payment: CBN To Introduce Biometrics For ATMs, POS Terminals

  The Central Bank of Nigeria yesterday unveiled plans to introduce biometric authentication of Point of Sale (POS) and Automated Teller Machines (ATMs) to address...

Mobile Transaction Hits N74.3Billion In 2yrs – CBN

Since its inception in 2011, the value of mobile payment transaction has hit N74.3billion, the Central Bank of Nigeria (CBN) said yesterday. The volume of...

Is Cashless Policy Working? Nigerians Excluded From The Financial Sector Has Dropped To 39.7%

The Central Bank of Nigeria (CBN), on Wednesday, said its various efforts at capturing more of the population into the formal financial system are gradually...

N11.7billion That’s What We Spend On Tomato Paste Every Year And The CBN Hates...

  The Central Bank of Nigeria (CBN) yesterday expressed concern on whooping N11.7 billion spent on processed tomato paste on a yearly basis and canvassed...

Economy: CBN Disburses N199.25Billion To 270 Agric Projects

The Central Bank of Nigeria on Tuesday said a total of N199.25bn out of the N200bn Commercial Agriculture Credit Scheme had been disbursed to...

Still Number One: Nigeria Tops FDI Inflows In Africa

Whilst the CBN Governor has refuted some of these FDI claims, it appears Unctad is still sticking to the $7billion FDI it claims Nigeria...

Investor Beware: These Companies Are Set To Be Delisted From The Nigerian Stock Exchange

  The Nigerian Stock Exchange recently delisted some companies from trading on the floor of the Nigerian Stock Exchange. It is important to note these...

CBN Extends KYC Deadline To Non-Financial Businesses To December 2013

The Central Bank of Nigeria on Tuesday extended the deadline given to Designated Non-Financial Businesses and Professions to update their account information with evidence...

Don’t Panic: CBN Promises To Defend Naira

  CBN Deputy Governor (Operations), Mr. Tunde Lemo, told THISDAY at the weekend that the central bank would continue to defend the naira. On Naira Depreciation...

First Bank (FBN) Projects 20% ROE For 2013

    FBN Holding Company Plc has projected a significant increase in return on average equity from 18.8 per cent recorded in 2012 to 20 per...

Official: SEC Approved List Of 32 Stocks That You Can Buy With Margin Loans

  By the way this list excludes Banks. I hope to review modalities for this loans once I get details. However, I do not like...

Bubble Season: Naira Depreciates, Nigerian Bond Yields Rise, As Foreign Investors Pull Out Cash.

Yields on Nigeria's 10-year bonds have increased by about three per cent in the past two weeks as investors sell-off their securities in anticipation...

Economy: Abuja, Five More States To Join Lagos State Cashless Policy -CBN

The Federal Capital Territory, Abuja and five other states in the country will join Lagos State in implementing the cashless policy of the Central...
Revenues

Naira Falling Quickly Against The Dollar. Now At 10 Months Low

  Nigeria's naira currency fell to its weakest level in almost 10 months on the interbank market on Friday, driven down by strong demand for...

Why Telecoms Can’t Guide Mobile Money -CBN

The Central Bank of Nigeria (CBN) has explained why it is unable to adopt a telco-led approach in the execution of mobile money services. CBN Governor Sanusi...

Video: 4 Years Today As CBN Gov, Sanusi Says “We Are Exactly Were We...

Very few people will score the CBN Governor very low as he celebrates his four years as head of the CBN today. I personally...

CBN: 75% Of P.O.S Machines In Lagos Are Not Working

About seventy-five per cent of the Point of Sale terminals deployed for the cash-less Lagos initiative of the Central Bank of Nigeria are inactive,...

Cash-less: Banks To Enforce Rejection Of Third Party Cheques Exceeding N150,000 From Monday June...

I received a text message yesterday from my Bank as follows; 'Dear Customer, kindly note that from June 1, 2013, 3rd party cheques over...

Award Season==>> Sanusi Is Central Bank Governor Of The Year For The Third Time

It appears all the Central Bank Governors are either under-performing or just not interested in vying for this awards. After all Awards are very...

Sorry Folks: CBN Won’t Rush To Cut Interest Rates – Sanusi

Just like I expected; The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, Monday  restated that the central bank will not...

Confirmed: 7 Nigerian States Control 90% Of Cash Transactions In Nigeria. (See List)

This is worth Noting "The Central Bank of Nigeria (CBN) has said Lagos and the six other states control about 90 per cent of cash...

Confirmed===>” Low Interest Rate Not Feasible” CBN

Not like it's anything new but to hear it from the CBN itself is worth noting. “Everywhere in the world, if you have an election,...

AMCON Tenure Actually Begins in 2014 Not 2010!!!! Sanusi

  Don't worry I am as gobsmacked as you are. Anyway, the CBN Gov was quoted as follows; About Lifespan “Clearly from where we are, we have...

Is This The World Bank PR Video That Jump Started The Positive Economic Image...

  Like I've said recently Nigeria has been getting some good PR on the economic front lately. Its hard not to believe there is strong...