Culled—Reuters January 9, 2017 Zimbabwe’s biggest banking group CBZ Holdings has suspended the use of Visa cards for local transactions due to high costs and cash shortages, its chief executive officer said on Monday. The Reserve Bank of Zimbabwe last November introduced a “bond note” currency to ease chronic cash […]
Updates
Buhari fire Jim Obazee, official responsible for Enoch Adebayo’s exit from RCCG
Culled—huhuonline.com January 9, 2017-Barely 48 hours after the exit of Pastor Enoch Adeboye, Jim Obazee, the man in charge in charge of Financial Reporting Council of Nigeria (FRN), the agency that formulated the law that caused him to resign has been sacked. A statement issued by Shehu Garba on Monday, […]
Could Financial System Stability Be Under Threat?
Culled—Proshare January 9, 2017/FDC Q: Could financial system stability be under threat? If it is, will AMCON be willing and able to re-enact its role as a stabilizer and toxic asset manager? A: Historically, cross-border risks present the most potent threat to banking system stability in Nigeria. Oil price shocks […]
