THE Central Bank of Nigeria (CBN) will on September 29, launch a redesigned N50 Note into circulation in commemoration of the nation’s 50th Independence Anniversary. The Director-General, Nigeria at 50 Anniversary Committe, Dr B. K. Kaigama, made the announcement in Abuja on Sunday at a special World Press Conference and Gala night organised to release details of […]

  By Ifeanyi Onuba and Udeme Ekwere Tuesday, 14 Sep 2010    The Central Bank of Nigeria on Monday directed all Deposit Money Banks to replace external auditors that had spent over 10 years auditing their financial records not later than December 31, 2010. The CBN, which gave the directive in […]

  September 14, 2010   Shares in major banks rose across the world after new rules were agreed on how much capital banks should hold in reserve.The new regulations, called Basel III, are designed to prevent another financial crisis. At the close of play in New York, the KBW US […]