Nigeria’s central bank plans to shift some of its reserves into yuan from dollars as the Chinese currency takes a greater role in global trade, deputy central bank Governor Kingsley Moghalu said. The bank will increase the yuan’s share of reserves to as much as 7 percent from 2 percent, […]
Tag: Kingsley Moghalu
Sanusi’s successor: President considers S’West candidates
Amid intense lobbying by candidates hoping to succeed the incumbent Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, indications have emerged that President Goodluck Jonathan is looking towards the South-West for the plum job. Sanusi’s five-year single term tenure expires in June and he has consistently said he […]
Risk management in banks at rudimentary stage  CBN
The Central Bank of Nigeria on Wednesday said risk management practices among financial institutions in the country was still at a ‘rudimentary stage.’ The Deputy Governor, Financial System Stability, Dr. Kingsley Moghalu, in a keynote address at the Moody’s Analytics 2nd Annual West Africa’s Risk Management Conference in Lagos, said […]
