CIBN

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

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.

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.

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.

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.

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).

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.

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 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.

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.

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.

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.

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.

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

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

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.

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.

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