The Central Bank of Nigeria is converting more of the nation’s foreign reserves from the dollar into the Chinese renminbi or yuan. The Financial Times reported that in August, the central banks of Nigeria and Tanzania joined their counterparts from other continents in adding more renminbi to their reserves. The […]
Tag: Sanusi Lamido
Exclusive: Recommendation of the NASS Ad-Hoc Committee on Capital Markets
Thursday, July 19, 2012 / NASS Order (7th) July 32.19 Kindly find below the verbatim recommendations of the El-Sudi led Ad-hoc committee of the National Assembly on the investigation into the collapse of the Nigerian Capital Market. These recommendations were tabled for discussion in the house today, Thursday, […]
CBN, NDIC to Insure Mobile Money Subscribers
The Central Bank of Nigeria (CBN) yesterday said it is working closely with the Nigeria Deposit Insurance Corporation (NDIC) to design an insurance so as to protect customers in the event of failure of any of the mobile payment operators. Director, Banking and Payment Department, CBN, Mr. Oladipupo Fatokun, said […]
