BVN October 31 deadline: Need to maintain flexibility

DON OKERE  |  The Central Bank of Nigeria’s (CBN) Bank Verification Number (BVN) exercise will end on October 31, 2015, after it was shifted...

Non-performing loans hobble Sterling Bank

DENNIS OKONNE |With the global oil and gas market looking increasingly vulnerable to economic shocks, domestic banking exposure to the sector has spurred anxiety...

FG may fix interest rates to save industry

Strong indications have emerged that the federal government may be considering policies that could force Deposit Money Banks to reduce interest rate which has...

Nigerians mop up dollars across West Africa

The current dearth of foreign exchange which has been linked to the Central Bank of Nigeria (CBN)'s tight monetary policy may have forced desperate...

Naira should find its true value- Rewane

A renowned economist and Managing Director/Chief Executive, Financial Derivatives Company Limited, Mr. Bismarck Rewane, has advised the Federal Government to stop defending the naira,...

Nigeria averages N1.5bn worth of transactions on PoS daily, says CBN

The Central Bank of Nigeria (CBN) has said that Nigeria averages about N1.5 billion worth of transactions on the Point of Sales (PoS) terminal...

CBN worried over slowing growth

Central Bank of Nigeria (CBN) will retain foreign currency controls because of concerns about slowing growth, a senior bank official said on Wednesday as...
'I'm being held hostage by EFCC' - Okorocha cries out

‘I’m being held hostage by EFCC’ – Okorocha cries out

Former governor of Imo State, Rochas Okorocha, has said he is being held hostage by officials of the Economic and Financial Crimes Commission...