The Bankers’ Committee, comprising top of officials of the Central Bank of Nigeria (CBN), led by its Governor- Lamido Sanusi, on Monday rose from its meeting with a resolve to cashless policy initiative, which is now across six states and Abuja, would become effective nationwide from June 30, 2014. The […]
Tag: Central Bank of Nigeria
Nigeria’s FOREX Inflow through CBN Fell 1.6% in Nov’ 13
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s foreign exchange (FOREX) inflow through its central bank for November 2013 fell by 1.6 percent (1.6%) compared to the previous month, the economic report November 2013 released by the central bank of Nigeria (CBN) said. The report said forex inflow and outflow in the […]
Nigeria Banks at Risk From Corporate Governance Issues, S&P Says
Nigerian bank ratings are threatened by corporate governance issues and rapid loan growth as competition increases credit risk, said Standard & Poor’s. “We see a risk that the momentum behind regulatory improvements may slow after leadership changes at the central bank this year,” Samira Mensah, a Johannesburg-based credit analyst at […]
