The Rivers State Government under the administration of former governor, Dr. Peter Odili received N1 trillion and N52 billion naira between 1999 and 2008, as its share from the Federation Account, according to Central Bank Governor, Mallam Lamido Sanusi. Odili was governor from 1999 to 2007. Sanusi made the declaration […]

Stakeholders in the banking industry were divided at the weekend over the deadline given the management of Savannah Bank Limited and Societe General Bank Nigeria Limited by the Nigerian Deposit Insurance Corporation to open for business on or before the second quarter of next year or face nationalisation. According to […]

President Goodluck Jonathan has attributed the growing confidence in the banking sector to the reforms undertaken by the Central Bank of Nigeria. Jonathan said this at the inauguration of a new CBN building in Port Harcourt on Friday. He said the various reforms carried out by the apex bank within […]