When the Central Bank of Nigeria (CBN) embarked on the banking reform under the extant Governor, Mallam Sanusi Lamido Sanusi, some stakeholders raised questions about the genuine and intuitive intentions of the reform agenda. Suffice to note that this group of stakeholders had no fundamental understanding of the breadth and […]
Tag: Banking Sector
Zenith, GTBank, FBN Lead in Treasury Bills Investment
Following the banking sector crisis, which almost led to the collapse of some financial institutions, commercial banks in the country have continued to invest heavily in risk-free fixed income securities. THISDAY research showed that a total of N2.673 trillion was invested in treasury bills by banks in 2011. The figures […]
Naira Falls as CBN Slashes Dollar Supply
The naira slipped against the United States dollar at the interbank segment of the forex market Monday as demand for the greenback surpassed its supply. Specifically, the naira fell by 58 kobo at the interbank as it closed at N157.40 to a dollar Monday, compared with the N156.82 to a […]
