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...

Video: CBN Monetary Policy Briefing May 21, 2013

The CBN Monetary Policy Committee on Tuesday, 21st May 2013 agreed to retain the MPR at 12%. Below is the video of the press...

Currency Defence: Ghana Increases Its MPR To 16%

Just as Nigeria announced a 15 straight month maintenance of its MOR at 12% Ghana on the other hand increased their's to 16% from...

Official: For The 15th Straight Month CBN Keeps MPR At 12%

  The Central Bank for the 15th straight month has decided to keep Monetary Policy Rate ( MPR) at 12 per cent with a corridor...

Skye Bank Plans to Raise $150million Tier 2 Capital in Q2/Q3

Media reports confirm Skye Bank Plc is planning to raise about $150million in Tier Two Capital (Bonds or Preference Shares or Mezzanine Finance) to...

It’s official: NIBBS, NEFT generate N80B online transfers daily

It appears cash-less banking is finally delivering on its promises. The CBN has just confirmed that online banking transfer between the two popular platforms,...

Two Nigerian Firms Approved To Print Cheques And One Is A Quoted Company

Pursuant to the CBN local content policy they have selected to Nigerian companies who have the mandate to print cheques in Nigeria. They are...

Official – Lending Rate For Q1 2013 Still High At 23.8%Pa

Inflation like we are made to understand is single digits, bond yields, TB'S are also going down but as expected lending rates remain high....

Another Witch-Hunt? ==>> Cbn Spent N73million On Governors Residence

I just scooped this off Premium Times.... The committee said on Tuesday that the bank spent N23 million on the residence of its governor, while...

TAYO OVIOSU – “PAGA PROCESSED OVER 918,000 TRANSACTIONS WORTH OVER N9.8BILLION” IN 2012

  A few weeks back (April 10, 2013) to be preciser, Businessday ran a cover that suggest Mobile Money was slow on getting traction in...

Is It Time To Dump Or Buy The Pounds Sterling??

On a recent impromptu trip to the US, I borrowed about about £680 from a friend promising to repay on my return. I had...
Union Bank

UDO UDOMA IS NEW CHAIRMAN OF UNION BANK.

  One of Nigeria's oldest bank has announced Senator Udo Udoma as their new Chairman. Union Bank announced the appointment today on their website following...

CBN SAYS “WE DO NOT HAVE THE CAPACITY TO BAN — USE OF DOLLAR...

  In response to the House of Reps resolution that the CBN should ban the use of dollars for transactions in Nigeria, the CBN has...

NIGERIAN TREASURY BILLS YIELD NOW AT 16 MONTH LOW

The CBN announced that its one year Treasury Bill Yield fell to its lowest in about 16 months as off shore demand swarmed bids.?The...

NIGERIANS NOW TRANSFER N40B DAILY VIA NEFT AND NIP

"The Nigerian Inter Bank Settlement System (NIBSS) under its NIBSS Instant Payment (NIP) and Nigerian Electronic Fund Transfer (NEFT) claims transactions have increased significantly...

NIGERIA’S MAJOR ECONOMIC NEWS WEEKLY ROUNDUP – (17-22 SEP 2012)

WEEKLY ECONOMIC ROUNDUP   NSE 30 INDEX NEWS The NSE 30 closed at 1,214.05 points a 1.71% rise from 11,93.68 posted at the beginning of the week. Sector...

SPENDING SPREE? N10TR IS THE AMOUNT SPENT BY G.E.J AS AT JUNE 30, 2012

If you are like me thirsty for economic data, then the Central Bank's second quarter economic report is one with enough to quench your...

IS THE NEW N5K NOTE A PRELUDE TO $1=N200? FOR NOW ITS A RUMOR...

On a faithful day on the 3rd of December 2008 Nigerians woke up to a 6.58% depreciation of the Naira sending the value of...

THE NEW N5,000 NOTE, A “CURE” FOR A DYING NAIRA…?

Yesterday, the CBN announced yet another plan to coin lower denominations, introduce higher denominations and enhance the quality and appearance of some notes. This has...

BREAKDOWN OF NIGERIAN PUBLIC DEBT AS A PERCENTAGE OF GDP

Its no news that Nigeria's public debt has been on the rise over the last few years. However, the CBN confirmed total debt profile...

POWER GENERATION IN 2011 WAS THE BEST WE HAVE SEEN IN RECENT TIMES??

Well if this following chart is anything to go by then 2011 may well have been the best. In fact the best of both...

ATM Transactions Cross The N1Tr Mark As Mobile Money Market Hits N20B In 2011

Nigerian ATM transactions by value hit N1.5tr for 2011, a 63.3% rise from the N954b obtained in 2010. The N1.56tr value in ATM transactions...
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