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Patrick Akinwuntan

Ecobank Nigeria appoints Patrick Akinwuntan managing director-designate

The Board of Directors of Ecobank Nigeria Limited on Thursday announced the appointment of Patrick Akinwuntan as the Managing Director designate of the bank.
Fintech

Expert: Fintechs will assume prominent role in banking

The Founder of the Computer Warehouse Group, Mr. Austin Okere, has expressed optimism that fintech companies are likely to take a more prominent role in banking and the financial services space.
Kingsley Moghalu

Ex-central bank chief seeks establishment of bank for women

A former Deputy Governor of the CBN, Prof. Kingsley Moghalu, has called for the establishment of a “Bank for Women” to boost women enterprise in the country.

Ex-CIBN chief blames National Assembly for tampering with 2018 Budget

Prof. Olusegun Ajibola, immediate past president, Chartered Institute of Bankers of Nigeria (CIBN), on Thursday criticised the National Assembly for tampering with provisions for critical projects in the 2018 budget.

CIBN scores President Buhari high on banking regulation

The Chartered Institute of Bankers of Nigeria (CIBN) says the President Muhammadu Buhari-led administration’s commitment to ensuring proper banking regulation has assisted in helping the country out of recession.

Ex-CIBN boss tasks federal government on service sector to improve GDP

The immediate past President of the Chartered Institute of Bankers of Nigeria (CIBN), Prof. Segun Ajibola, on Friday urged the Federal Government to focus on the service sector to boost the Gross Domestic Product (GDP).

CIBN charges Senate on speedy passage of FSS 2020 bills

The Chartered Institute of Bankers of Nigeria (CBN) has called on the Senate to urgently pass the Financial System Strategy (FSS 2020) Bills into law to promote financial inclusion and strengthen electronic payment system in the country.

Central bank chief Godwin Emefiele emerges The Guardian Economic Personality of the Year

The Governor, Central Bank of Nigeria, Mr. Godwin Emefiele, was on Saturday, April 7, 2018, unveiled as The Guardian Economic Personality of the Year 2017 in recognition of his contribution to stabilizing the Nigerian financial sector amidst recession as well as the Bank’s effort in development financing.

Financial experts tie MPR review to 2018 budget approval

Financial experts on Thursday expressed optimism that the Monetary Policy Committee (MPC) would review the interest rate at its subsequent meetings when the 2018 budget would have been passed.

CBN: Nigeria’s external reserves hit $46 billion

The Central Bank of Nigeria (CBN) on Sunday disclosed that the nation’s external reserves currently stands at $46 billion, saying the figures are steadily heading towards the $50 billion mark.

Expert advises National Assembly to expedite budget passage to consolidate GDP growth

An Economist, Dr Uju Ogubunka, has called for a concerted effort that would expedite the passage of the 2018 budget to consolidate the current Gross Domestic Product (GDP) growth figure.

Beware of foreign portfolio investments-driven growth – experts

Economic experts have warned Nigeria not to be carried away by the influx of foreign portfolio investment dominating the Nigerian Stock Exchange (NSE), noting that a combination of highly mobile portfolio investments and unreliable crude earnings could unravel without warning, and cause external reserves to decline, as experienced from April to November 2008.

Don calls for synergy between banking system, stakeholders

A university lecturer, Prof. Olusegun Ajibola, has called for synergy between the banking system and stakeholders in the economy to enhance Nigeria’s economic growth and development.

Federal govt accuses central bank, others of shielding rogues

Banks and their supervisor, the Central Bank of Nigeria (CBN), have been accused of working to derail the government’s anti-corruption war.

Nigeria’s external reserves will hit $40bn in 2018 – central bank chief

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has predicted that the nation’s external reserves will hit $40bn in 2018.

Central bank announces $40bn external reserves target, releases 2018 economic forecasts

The Central Bank of Nigeria, CBN, has said the regulator may change its monetary policy stance next year from the current tightening position to an easing stand that will see the benchmark interest rate come down from the current 14 per cent.

Monetary policy c’ttee will review interest rate – CBN chief Godwin Emefiele

With a few weeks to the next meeting of the Monetary Policy Committee (MPC), the last for the year, governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said there is a high possibility that a downward review of interest rates will be considered in view of declining inflation trend in the economy.

Nigeria’s external reserves hit $34bn – Central bank

The nation’s external reserves have hit $34bn from $33.6bn attained on October 25, the Central Bank of Nigeria has stated.

Recent Stories

Gunmen abduct Bayelsa PDP chieftain on eve of planned defection to APC

A Peoples Democratic Party (PDP) chieftain and Vice Chairman, Bayelsa State Peace and Reconciliation committee, Bibi Oweifa, has been abducted by unknown gunmen at the state secretariat annex, Yenagoa.
National Chairman of PDP, Prince Uche Secondus (R), Atiku Abubakar and behind him Otunba Gbenga Daniel, DG, Atiku Presidential Campaign Organisation, at the declaration rally of Atiku for the 2019 presidential election, at Ribadu Square, Yola, Adamawa State, yesterday.

Ex-VP Atiku Abubakar: APC turning Nigeria into another Afghanistan

Former Vice President and frontline Presidential aspirant on Peoples Democratic Party (PDP) platform, Alhaji Atiku Abubakar, has said his interest in the 2019 presidential contest is not to achieve personal political ambition, but informed by need to help address the suffering and killings across the country.

Ethiopia intercepts about $10 million in joint security operation

Ethiopia police have in the past week seized huge cash sums and arms in different parts of the country, state affiliated FANA Broadcasting Corporate have reported.
PSG's Neymar

Neymar says he is victim of ‘double standards’ for club and country

Neymar has claimed that he is the subject of double standards when he plays for Paris Saint-Germain and Brazil.

Zlatan Ibrahimovic: I could have been US President

LA Galaxy striker Zlatan Ibrahimovic says he would be President of the United States of America if he had arrived 10 years earlier.