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Tag Archives: cbn

Inflation in Nigeria: IMF supports FG decision to reduce fiscal deficit for 2011 to 2013

The International Monetary Fund (IMF) recently expressed concern over the inflation rate in Nigeria, stating that it is escalating and resulting to a continuous fall in our international reserves even ...

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CBN vows to strenthen naira

The Central Bank  Governor, Mr. Lamido Sanusi, has said  that the value of the naira need not be maintained “at all costs”, though he predicted the currency would remain stable. ...

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Nigerian news: 37 microfinance banks regain licence

The Central Bank of Nigeria has restored the licenses of 37 out of the 244 mircofinance banks that had their licences revoked Matthias Umeh, President of National Association of Microfinance ...

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Gani Fawehinmi’s son slam CBN revocation order on MFBs

Son of the late Human Rights crusader, Mr Mohammed Fawe-hinmi has condenmed the recent revocation by the Central Bank of Nigeria (CBN) of 200 micro-finance bankS (MFBs) describing it as ...

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FG Collects N1.712 Trillion Total Revenue

Total revenue collected by federal government in the second quarter of this year stood at N1.712 trillion. The economic report for the second quarter of 2010 posted on website of ...

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Nigeria: CBN inaugurates ACB complex in Abuja

The Central Bank of Nigeria (CBN), on Wednesday, in Abuja, inaugurated the office complex of the steering committee of African Central Bank (ACB), this is to foster financial integration among ...

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Nigeria: When the law is broken, people must pay the price –

Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido, in this interview with journalists at the annual meetings of the World Bank/ International Monetary Fund (IMF) in Washington ...

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Nigeria : CBN Sells $150 Million at Auction

Nigeria’s central bank offered $150 million at its twice-weekly auction, the least since March 29, while banks sought to by $214 million, according to an e-mail from the CBN Dollars ...

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Nigeria: Unity Bank, Wema Bank get more time to recapitalise

The Central Bank of Nigeria (CBN) yesterday extended the recapitalisation deadline it gave Unity Bank and Wema Bank by three months. Both banks had been given till tomorrow, June 30 ...

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Nigeria: Microfinance banks and NDIC audit report

Nigerian Compass –Several  microfinace banks are anxiously awaiting the  findings of the audit of their books by Nigeria Deposit Insurance Corporation (NDIC). When micro finance banks made their debut in ...

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