The dwindling external reserves, which is currently at $43.2bn, has been putting speculative pressure on the naira, latest economic bulletin from the Lagos-based research and financial advisory firm, Financial Derivatives Company Limited, has shown. The development, according to the firm, may make the Central Bank of Nigeria’s Monetary Policy Committee […]
Tag: Sanusi Lamido
Three banks fail liquidity test
The liquidity stress test conducted on 23 banks by the Central Bank of Nigeria (CBN) at the end of June showed that three lenders have problems. The CBN Financial Stability Report released at the weekend was okayed by the CBN Governor, Sanusi Lamido Sanusi. It said the industry liquidity ratio […]
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 […]
