Heritage Banking Company has commenced payment to customers of the defunct Societe Generale Bank, whose accounts have been successfully validated. Investigations across some designated centres where the exercise is taking place showed that the exercise is in two parts; verification of accounts and instant issuance of payment cheques for those who prefer to collect the [...]
Some operators of Nigeria’s microfinance banks on have expressed optimism that lending rates in the sub-sector would drop in 2013 as soon as they are able to access the Micro Small and Medium scale Enterprise Development Fund of CBN in 2013. Mr Eniola Agbesoyin, Managing Director, Olive Microfinance Bank, said in Lagos that the CBN [...]
The Central Bank of Nigeria (CBN) has directed the 16 Mobile Money Operators (MMOs) in the country to fully connect to the National Central Switch (NCS) before 28 February next year. The CBN gave the directive in a circular entitled “Timeline for Interoperability and Interconnectivity” on Friday. The circular was signed by Mr Dipo Fatokun, [...]
Nothing would provoke an outrage as a call to phase out the Nigerian third tier of government in the next constitutional dispensation but it is very rational that this incubus be thrown into the abyss to resurface no more. Another moot point is the fact that the vast resources of this country are cornered by [...]
By femi falana The Working Class Association of Nigeria deserves commendation for organising this workshop to celebrate the centenary of trade unionism in the country. The programme could not have come at a more opportune time than now. Just last week, the governor of the Central Bank of Nigeria, Mr. Sanusi Lamido Sanusi called for [...]
The President of the Trade Union Congress (TUC), Comrade Peter Esele, has described the Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, as a confused man who has become too idle. He also gave Sanusi the title of the “Most Loquacious CBN Governor In The World.” This is just as the Joint Action [...]
Mallam Sanusi Lamido Sanusi, governor of the Central Bank of Nigeria,CBN,has faulted the recent revocation of the concessioning contract of Lagos-Ibadan expressway awarded to Bi-Courtney Nigeria Ltd by the Federal Government of Nigeria. Speaking at a forum with the theme”The Pivotal Role of the Capital Market in the Transformation Agenda for the Nigerian Economy”,the CBN [...]
