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Nigeria Deposit Insurance Corporation Revives Task Force on Bank Crimes
The Nigeria Deposit Insurance Corporation (NDIC) has revived its task force on financial crimes in a bid to strengthen the prosecution of bank fraud cases as fraudulent activities have been frustrating the progress of many of the 25 commercial banks in...
Nigerian Government Approves Immediate Disbursement of $866m to Industry
Nigeria’s Federal Executive Council (cabinet) has approved the immediate disbursement of N130 billion (about US$866 million)in low interest loans for the refinancing and restructuring of the `Real Sector’ of the Nigerian economy.
World Bank, International Monetary Fund to Fast Track Formation of African Central Bank
Nigerian Finance Minister, Mansur Muhtar, has said a team from the World Bank and the International Monetary Fund (IMF) would meet in April next year to fast track the actualization of the proposed African Central Bank. Muhtar told journalists that, “Nigeria...
Central Banks in Nigeria And Liberia to Collaborate in Banking Supervision
The Central Bank of Liberia (CBL) and the Central bank of Nigeria (CBN) have signed a memorandum of understanding (MoU) in Monrovia to share supervisory information and enhance cooperation in banking supervision. The Governor Central Bank of Nigeria,...
Governor of the Central Bank of Nigeria Says There is No Plan to Sell Troubled Banks to Foreigners
The Governor of the Central Bank of Nigeria (CBN), Malam Lamido Sanusi, has said there is no plan by the CBN to sell the 5 troubled Nigerian banks to foreigners. Speaking at the presentation of plans to develop real estate and financial report by a South...
Governor of the Central Bank of Nigeria Has Announced the Removal of the CEOs From 5 Banks
The Governor of the Central Bank of Nigeria (CBN), Mr Lamido Sanusi, has announced the removal of the managing directors and executive directors of five banks, naming the affected banks as Union Bank Plc, Afribank, Oceanic Bank, Intercontinental Bank...
