Economists have asked the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, to consider instituting a fresh recapitalisation of the nation’s banks to make them bigger than what they are currently. They spoke against the backdrop of last week’s ranking of top 1000 world banks by The Banker magazine of […]
Tag: Lamido Sanusi
House probes N2.1bn mint scam, to invite Sanusi
The House of Representatives on Saturday said it was shocked to hear that N2.1bn of newly printed N1,000 notes was missing at the Nigeria Security Printing and Minting Company. Last week, the Central Bank of Nigeria Governor, Lamido Sanusi, launched an investigation to ascertain the quantity of money missing at […]
Corruption responsible for high lending rate  Sanusi
The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, has defended the high lending rate regime in the banking sector, saying corruption is largely responsible for the development. The CBN, in performing its lender of last resort function, lends to Deposit Money Banks at an interest rate of 12 per […]
