Petrol Imports Deplete External Reserves By $3b

THE foreign reserves have declined by $3 billion to $39.72 billion in the last 30days, analysis of the reserves movement has shown. The reserves, which...

S-A-N-U-S-I : Foreign Investors Shun Latest Treasury Bills Auction

Foreigners stayed away from the Federal Government’s latest Treasury bill auction, the first since the suspension of the Governor, Central Bank of Nigeria, Mr....

GT Homes Changes Name To Imperial Mortgage Bank

Thisday|| GTHomes Limited has adopted a new corporate identity, Imperial Homes Mortgage Bank. The company said the change was in line with its desire to...

GEJ & Supporters of Sanusi’s Suspension Won’t Like This Punch Editorial

Punch Editorial|| HIDING behind his finger, President Goodluck Jonathan recently suspended Lamido Sanusi, Governor of the Central Bank of Nigeria, from office over alleged...

Time To Hedge? :Financial Derivatives Predict Naira Devaluation By June 2014 or After Elections

The Central Bank of Nigeria will devalue the naira within the next 18 months, a new report by the Nigeria-based Financial Derivatives Company Limited...

N-O-T G-O-O-D: Naira may weaken to N170 (Official Rate)– Merrill Lynch

A report by the Bank of America Merrill Lynch Global Research has predicted that the naira may weaken for the current levels of over...

Naira Stabilizes After “Sanusi Shock”; Now N165.7 @ Interbank & N171 @ Blackmarket (24/2/14)

The naira was stable against the United States dollar at the Retail Dutch Auction System (RDAS) arm of the forex market yesterday as it...

More Gloom & Doom? Analyst Predict Further Sell-Offs In Equities & Naira Depreciation

Punch||Economists  and analysts have said Nigeria’s financial markets may continue to react negatively, at least in the short term, to the suspension of Mr....

Sanusi’s Removal Increased Forex Demand To $1billion in One Day

Thisday||The naira depreciated against the United States dollar last week as the suspension of Mallam Sanusi Lamido Sanusi as the Central Bank of Nigeria...

Stock Exchange lost N353b Since Sanusi’s Suspension (21/2/14)

Punch||Equities fell on Friday as investors continued to react negatively to the suspension of the Central Bank of Nigeria Governor, Mallam Lamido Sanusi. The...

Read Sanusi’s Succinct Response To Some Of The Allegations Thrown At Him

Vanguard|| In the beginning, As at the time I came into office, several things had collapsed. From banks to stock exchange, they had crashed....

Forget Sentiments, This Is How Financial Analysts All Over The World Responded To Sanusi’s...

There has been a lot of reaction to the ongoing suspension of CBN Governor Sanusi Lamido Sanusi mostly from social network and the press....

This Is The So Callled FRCN Report That Was Used To Suspend Sanusi

The decision to suspend the Central Bank of Nigeria Governor, Sanusi Lamido was based on a report of the Financial Reporting Council of Nigeria...

S-U-S-P-E-N-S-I-O-N: 10 Things Sanusi Said Today (20/2/2014) That Is Worth Noting

Soon after the suspension of CBN Governor, Lamido Sanusi Lamido was announced he granted an interview with CNBC Africa where he responded to the suspension....

Godwin Emefiele Is A Specialist In “Negotation”, Critical Thinking”, “Change & Strategy”. See Profile

When Lamido Sanusi Lamido was appointed CBN Governor, people felt it was a good decision considering that he had a risk management background. The...

Bad Omen? Zenith Bank Price Closes Below N20 On The Day Its MD Is...

Zenith Bank MD Godwin Emefiele was named as the choice replacement for CBN Governor by President GEJ today after the suspension of Sanusi Lamido...

These Stocks Were The Winners and Losers On The Day Sanusi Was Suspended

Today was an eventful day for the stock market as the Central Bank Governor was suspended. The Nigerian All Share Index closed the day...
CBN Gov Godiwn Emefiele

B-R-E-A-K-I-N-G: GEJ Nominates Zenith Bank MD Godwin Emefiele As CBN Governor

Punch|| President Goodluck Jonathan has nominated the Managing Director of Zenith Bank, Godwin Emefiele, as the new Governor of the Central Bank of Nigeria. The...

GEJ Suspends Lamido Sanusi As CBN Governor With Immediate Effect

President Jonathan suspends Lamido Sanusi as CBN Governor, appoints Dr. Sarah Alade, Acting Governor. Here is the just released statementon the suspension: "Having taken special notice...

External Reserves Crash to $41.4b (Feb 18) From Its Peak of $48billion in May...

Punch||The nation’s external reserves have dropped by $3.4bn in the last 12 weeks, according to the latest data from the Central Bank of Nigeria....

A:L:E:R:T==>Economists Predict ‘Naira devaluation coming in 2015’

The Nation||The continuous decline in foreign reserves and increased spending expected during 2015 elections are likely to force the incoming Central Bank of Nigeria...

Enough is enough on CRR: Bank Directors Tell CBN

Thisday||The Bank Directors Association of Nigeria (BDAN) has expressed dissatisfaction over the decision of the Central Bank of Nigeria (CBN) to increase the Cash...

CBN Biometrics: In “18 Months” Time You Won’t Be Able To Do A Bank...

Punch||The Central Bank of Nigeria on Friday inaugurated the biometric registration of bank customers and declared that after 18 months of the exercise, bank...

Missing $20billion: Okonjo Iweala Request For Forensic Audit As Final Solution

The Nation||Forensic experts should examine the state of the Federation Account, the government suggested yesterday. Such an audit by independent experts will reveal whether...

Sanusi’s CRR Comments Sparks Sell Off; Sectorial Indices Tank, Only 8 Equities Gained, 53...

The NSE All Share Index dropped to its 7 weeks low yesterday and dipped below 40,000 points for the first time since December. Some...

Official: The CBN Will Approve Your Employment Letter Before You Join Any Bank

The Central Bank of Nigeria has released a directive to banks mandating them to seek prior approval before recruitment of bank employees.  They claim...

Naira Is Now At Its Lowest Since 2011. N164.5 At The Interbank

The naira weakened for a second day to its lowest since 2011 as investor inflows were said to have slowed and foreign-exchange demand remained...

Sanusi – “We Should Have Gone Up To 15% Private Sector CRR and 100%...

Thisday||As some Nigerians continue to lament the tight monetary policy regime in the country, Central Bank of Nigeria (CBN) Governor, Mallam Sanusi Lamido Sanusi...

100% Public Sector CRR May Actually Be A Reality, According To This Bank CEO

Thisday|| Speaking at the media briefing following the Banker's Committee Meeting, the Chief Executive Officer, First Bank of Nigeria Limited, Mr. Bisi Onasanya while...

Cash-less Banking To Go Nationwide July1, 2014

Thisday||The Bankers’ Committee Tuesday resolved to extend the cashless policy to all states in the country from July 1, 2014. Speaking to journalists at the...
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