More than two years after the Central Bank of Nigeria embarked on the banking sector reforms with a special audit that culminated in the sacking of eight bank chiefs, ADEMOLA ALAWIYE reflects on the advancement so far. The reforms going on in the banking industry in the last two years […]

Following the approval of the inclusion of the Chinese currency in the country’s external reserves mix last year, the Central Bank of Nigeria has converted $500m of the country’s external reserves into the Yuan in the last six months. The CBN Governor, Mr. Lamido Sanusi, said in an interview in […]

Six months after the nationalisation of three banks that were unable to meet the recapitalisation deadline set by the Central Bank of Nigeria , the Asset management Company of Nigeria has set in motion the process for their sale to prospective investors. The affected banks are Mainstreet Bank (former Afribank […]