NAIROBI – Mauritania’s central bank says it will develop Islamic finance as part of efforts to modernize the banking system and make long-term loans available to companies. “A...
OTTAWA – Canada’s central bank held its key overnight interest rate steady at 1% Wednesday and said downside risks to inflation “have grown in importance.” But...
ABUJA — The Central Bank of Nigeria, CBN, has raised the Cash Reserve Ratio, CRR, on public deposits from 50 per cent to 75 per cent...
ABUJA – The depletion of fiscal buffers and the declining oil revenue, coupled with the falling foreign direct investment inflows, informed Central Bank of Nigeria (CBN)’s...
ABUJA – Former Governor of Anambra state Dr. Chukwuemeka Ezeife yesterday urged President Goodluck Jonathan to immediately suspend the Governor of Central Bank of Nigeria CBN,...
…President lacks powers to sack Sanusi — Lawyers LAGOS — The stage is set for a showdown between the Governor, Central Bank of Nigeria, CBN, Mallam...
ABUJA – The Central Bank of Nigeria (CBN) has introduced a new payment system called Real-Time Gross settlement (RTGS) system as part of efforts to implement...
LAGOS – Pan-African Ecobank Transnational Inc. (ETI) has announced the departure of its group executive director for finance and risk, Laurence do Rego, who made an...
ABUJA – The National Insurance Commission,NAICOM, said it successfully facilitated claims payment of over N2 billion in 2013. In a statement, NAICOM said the move is...
LAGOS – Access Bank has sold its loss-making Ivory Coast subsidiary to Cameroon’s Afriland First Bank Group for $1 million, according to a bank official and...
