Emefiele justifies CBN printing more money to finance Nigeria
Nigeria central bank boss Godwin Emefiele has justified why the bank is printing more money to finance the federal government budget. “If government cannot finance all its obligations,” the central bank should offer support as a lender of last resort, Emefiele said in a press briefing on Tuesday. Emefiele is reacting to claims by a…
Central Bank tasks banks on sustainable business models
Deputy Governor, Financial System Stability, Central Bank of Nigeria (CBN), Aishah Ahmad, has urged financial services providers to commit to sustainability in designing their business models.
National theatre and the central bank renaissance
That the country’s National Theatre environment needs a transfiguration, no doubt, is an understatement. A large expanse of its land is still ensconced by swap and canal waiting for the benign encounter with a ‘messiah’.
Excitement as Tescom holds seminar, workshop in Lagos
It was fun, excitement and entertainment as many stakeholders, including a representative of Central Bank, Toyota, NNPC and others during the week stormed Lekki, Lagos, the venue of the seminar hosted by Tescom group. Tescom AS, formerly known as Tumel Elektronik located in Izmir-Turkey, is an independently owned company, offering a wide range of power…
Advertising industry loses without APCON, says Prima Garnet CEO
The marketing communications industry is now in a season of convergence. Functions of other sectors of the economy are mixing up with its, increasingly blurring, if not blotting out the borderlines completely. It also means that only a professional with incredible ability to multitask and still recognise unique similarities and differences of the converging industries could hold and sustain the fortunes of the sector.
‘It is clear Buhari wants to perpetuate himself in power’
Prof. Kingsley Moghalu, the presidential candidate of Young Progressives Party (YPP), in this interview with LEO SOBECHI, says Nigerians are hopeful that the election would be credible, stressing that President Buhari allowed Nigeria to drift. Prof, a lot of people did not take you serious. How did this journey actually begin? FIRST of all, I…
Banks and the menace of excess charges
There should be measured jubilation by customers of banks in the country on the new stance of the Central Bank of Nigeria (CBN) that banks imposing excess charges on their customers would be made to refund such with interest. CBN took the stand as a result of “repeated complaints from banks’ customers of excessive charges…
Firm to fast-track CBN’s 80% financial inclusion target
Oradian, a financial inclusion company, is set to build its community of microfinance institutions, microfinance banks and Cooperative Societies in West Africa. Through Oradian’s toolset, which includes its cloud-based core banking system (CBS) Instafin, financial institutions are enabled to grow and reach more clients with digital financial services. The company’s mission – to boost financial…
Agriculture stakeholders allege re-emergence of fertilizer cabal
Okonti alleged that a governor (names withheld) was a major player in plot to defraud the federal government, called on the Senate committee on Agriculture and Rural Development to...
Still on guaranteed unconditional transferability
However, trading in convertible currency, receiving and repatriating it are activities regulated by the Central Bank and not the NIPC. Enter, the FEP Act.