The Central Bank of Nigeria (CBN) and some Stakeholders in Abuja on Monday, rejected a bill to amend the CBN Act to exclude the Governor, Deputies and Executive Directors from the board of the apex bank. The bill seeks to remove the CBN Governor as Chairman of the Board of the […]
World News
IMF urges African oil producers to avoid exploration ‘white elephants’
The International Monetary Fund has urged African oil and gas producing nations to direct their revenues to infrastructure and education rather than on “white elephants.†Exploration in east and southern Africa has been high in recent months as a result of big oil and gas discoveries in Tanzania, Mozambique, Kenya […]
Opposition as Reps move to abridge CBN autonomy
Stakeholders in the financial sector, including a former Minister of Finance, Mr. Adamu Ciroma, and an ex-Central Bank of Nigeria Governor, Chief Joseph Sanusi, on Monday, opposed the bid by the House of Representatives to tamper with the CBN autonomy. They cautioned the House against altering the globally accepted trend, […]
