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Central Bank of Nigeria

Type: Organization

Name: Central Bank of Nigeria

First reported 1 hour ago - Updated 1 hour ago - 1 reports

Sanusi: Electronic Payments Will Facilitate Financial Inclusion

Mallam Sanusi Lamido SanusiObinna ChimaThe Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has reiterated that the on-going transformation of the payment system will bring about rapid financial inclusion and increased economic ... [Published This Day Online - 1 hour ago]

Entities: Payment System, Lamido Sanusi, Information Technology

First reported 8 hours ago - Updated 8 hours ago - 1 reports

‘Public Key Infrastructure will enhance banking reforms’

When the Public Key Infrastructure (PKI) initiative of the National Information Technology Development Agency (NITDA) is implemented, it will add a new fillip to ongoing reforms of the Central Bank of Nigeria (CBN) to institutionalise a cashless society, ... [Published The Nation Nigeria - 8 hours ago]

Entities: Public Key Infrastructure, Reformism, Fraud, Authentication, National Information Technology Development Agency

First reported 10 hours ago - Updated 10 hours ago - 1 reports

Gartner Inc

CBN reassures commitment to effective e-payments system

THE Governor of the Central Bank of Nigeria (CBN), Malam Sanusi Lamido Sanusi, has assured that the financial institution remains committed to realizing the vision of providing the country with a secure, robust and accessible payment infrastructure, despite ... [Published The Guardian Nigeria - 10 hours ago]

Entities: Gartner Inc, Lamido Sanusi, Central Bank of Nigeria

First reported 11 hours ago - Updated 11 hours ago - 1 reports

Sanusi Not Against Emergency Rule-CBN, Urges Proper Training For Journalists

The Central Bank of Nigeria, CBN, has described as false and misleading news reports alleging that the CBN Governor, Mallam Sanusi Lamido Sanusi has condemned the emergency rule imposed by the Federal Government in Borno, Yobe and Adamawa State.The CBN ... [Published Point Blank News - 11 hours ago]

Entities: Central Bank of Nigeria, emergency, Monetary Policy Committee, Misrepresentation, State of Emergency

First reported 15 hours ago - Updated 15 hours ago - 1 reports

US Securities and Exchange Commission

Nigeria abandons securities lending dream

Though the Nigerian Stock Exchange (NSE) announced plans to begin securities lending back in July 2011, it has been reported that the country has given up on the programme.In July 2011, Oscar Onyema, chief executive officer of the NSE, said the exchange ... [Published Securities Lending Times - 15 hours ago]

Entities: Nigeria, Stock Broker, Chartered Institute of Stockbrokers, US Securities and Exchange Commission, Bank of Africa

First reported May 21 2013 - Updated 19 hours ago - 10 reports

CBN Retains Lending Rate At 12 Percent

The Central Bank of Nigeria (CBN) yesterday retained prime lending rate, which is called the Monetary Policy Rate (MPR) at 12 percent. This is the rate at which commercial banks borrow from the central bank. Also retained yesterday by the Monetary Policy ... [Published Individual.com - 21 hours ago]

Entities: Lamido Sanusi, Central Bank of Nigeria, Monetary Policy Committee

First reported 21 hours ago - Updated 21 hours ago - 1 reports

Sanusi - State of Emergency Could Weaken Economy

The ongoing military action and the emergency rule in Borno, Yobe and Adamawa states would make the Federal Government to spend more money and this has the potential to negatively affect the economy, the governor of Central Bank of Nigeria said yeste ... [Published AllAfrica.com - 21 hours ago]

Entities: State of Emergency, Military Action, Lamido Sanusi, Central Bank of Nigeria, Monetary Policy Committee

First reported May 21 2013 - Updated May 22 2013 - 2 reports

Association prepares micro-finance banks for uniform software

Chairman of the National Association of Microfinance Banks (NAMB) in the South-west zone, Mr Olufemi Babajide, has urged members to look forward to the proposed uniform software system.Babajide said yesterday in Lagos that the Central Bank of Nigeria ... [Published Daily Trust Nigera - May 21 2013]

Entities: Lagos (Nigeria), Central Bank of Nigeria, Microfinance

First reported May 21 2013 - Updated May 22 2013 - 2 reports

Foreign investors move $2.7bn out of Nigeria – CBN

In a bid to shield their investments from the brewing political crisis, foreign investors have repatriated some $2.74 billion out of Nigeria from January to March, this year.This was contained in the Central Bank of Nigeria’s (CBN) first quarter Economic ... [Published Daily Sun - May 22 2013]

Entities: Forex, Nigeria, Central Bank of Nigeria, Repatriate

First reported May 22 2013 - Updated May 22 2013 - 1 reports

Nigeria rates highest on return on investment in Africa – Trade Minister

Nigeria economy and investment atmosphere has been described as possessing the potential of yielding the highest rate of returns on investment in the African continent.Minister of Trade and Investment Olusegun Aganga who stated this said that Nigeria ... [Published Nigerian Compass - May 22 2013]

Entities: Nigeria, Dangote Cement Plc, Central Bank of Nigeria

First reported May 21 2013 - Updated May 21 2013 - 3 reports

Nigeria Holds Rate as Military Action Sparks Spending Threat

(Updates with comment from Sanusi in fourth paragraph.)May 21 (Bloomberg) -- The Central Bank of Nigeria left its benchmark interest rate at a record high, concerned by a drop in oil output and the threat of higher spending as the government combats Islamist ... [Published La Repubblica - May 21 2013]

Entities: Military Action, Inflation, Nigeria, Threat

First reported May 21 2013 - Updated May 21 2013 - 1 reports

Union Bank Ordered to Refund N34 Million Fraudulent Deduction From Customer's Account

Union Bank has been ordered to repay a N34 million illegal deduction from a customer's account. This directive was given by a Lagos High Court presided over by Justice Morenike Obadina.The court based the ruling on a revelation that Union Bank failed ... [Published AllAfrica.com - May 21 2013]

Entities: Union Bank, Fraud, Central Bank of Nigeria, Nigeria, Illegal

Quotes

...CIS president Mike Itegboje said at the time: "We are concluding arrangements and by the November training will commence. Stockbrokers should not miss the training so that when the securities lending becomes operational in the market, they will be actively involved."

Nigeria abandons securities lending dream [Published Securities Lending Times - 15 hours ago]

"Although the MPC's inflation outlook remains benign, we believe the increased risk to the naira due to a weaker oil sector as well as the risk of an increase in government spending related to military spend in the NE of the country, reduces the likelihood of the MPC loosening monetary policy in the short term" it added

CBN Retains Lending Rate At 12 Percent, Anticipates Liquidity Risks in Economy [Published Individual.com - 19 hours ago]

But Sanusi said that in the overall view, "the committee is of the view that government's spending would constitute a major risk to the inflation and exchange rate outlook. We hereby advise prudent in monetary policy action at this point."

Sanusi - State of Emergency Could Weaken Economy [Published AllAfrica.com - 21 hours ago]

"The combined effect of new borrowings and reduced savings was an increase in net credit to the central government of over N2 trillion in the first four months of 2013. The evidence points to an increase in the rate of government expenditure in 2013 when compared with 2012. In addition, the recent military action in the north-east will result in additional spending."

CBN Retains Monetary Rates Over Impact of Emergency Rule [Published AllAfrica.com - 22 hours ago]

More Content

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Aviation Crisis: Industry Indicts Banks [Published NigeriaCommunicationsWeek - 7 hours ago]
‘Public Key Infrastructure will enhance banking... [Published The Nation Nigeria - 8 hours ago]
‘How to attain Vision 20: 2020’ [Published The Guardian Nigeria - 10 hours ago]
CBN reassures commitment to effective e-payment... [Published The Guardian Nigeria - 10 hours ago]
Sanusi Not Against Emergency Rule-CBN, Urges Pr... [Published Point Blank News - 11 hours ago]
Nigeria abandons securities lending dream [Published Securities Lending Times - 15 hours ago]
CBN Retains Lending Rate At 12 Percent, Anticip... [Published Individual.com - 19 hours ago]
Terrorism: NCS seeks full deployment of IT acro... [Published The Guardian Nigeria - 20 hours ago]
CBN Retains Lending Rate At 12 Percent [Published Individual.com - 21 hours ago]
Sanusi - State of Emergency Could Weaken Economy [Published AllAfrica.com - 21 hours ago]
CBN Retains Lending Rate At 12 Percent, Anticip... [Published AllAfrica.com - 21 hours ago]
CBN Retains Monetary Rates Over Impact of Emerg... [Published AllAfrica.com - 22 hours ago]
‘Only CBN Will Hold AMCON’s Bonds By 2014’ [Published Nigeria Intel - 23 hours ago]
Cheque Truncation: Bringing Ease To Payment [Published Nigeria Intel - 23 hours ago]
CBN Retains 12% Lending Rate [Published Lead Capital - May 22 2013]
Sanusi - Military Action in North May Fuel Infl... [Published AllAfrica.com - May 22 2013]
A shareholder’s view on SEC vs UBN and 19 other... [Published Vanguard - May 22 2013]
Recapitalisation: Stallion Home in merger talks... [Published The Guardian Nigeria - May 22 2013]
Sanusi: Military Action in North May Fuel Infla... [Published This Day Online - May 22 2013]
CBN boss Sanusi: I had surgery in France [Published The Nation Nigeria - May 22 2013]
CBN keeps rate at 12 per cent [Published The Nation Nigeria - May 22 2013]
Recapitalisation: Stallion Home, Mutual Allianc... [Published This Day Online - May 22 2013]
CBN sustains MPR at 12% [Published Vanguard - May 22 2013]
Foreign investors move $2.7bn out of Nigeria – CBN [Published Daily Sun - May 22 2013]
Foreign reserves to increase, as CBN retains MP... [Published Daily Sun - May 22 2013]
Don’t overspend on military operations, Sanusi ... [Published Nigeria Punch - May 22 2013]
Nigeria rates highest on return on investment i... [Published Nigerian Compass - May 22 2013]

Blogs

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Nigeria announces national ID cards with electr... [Published The Next Web - May 17 2013] Last week at the World Economic Forum on Africa held in Cape Town, South Africa the Nigerian National Identity Management Commission ( NIMC ) and MasterCard announced their collaboration with plans to roll-out an initial 13 million MasterCard-branded ...
Nigeria announces national ID cards with electr... [Published The Next Web - May 17 2013] Last week at the World Economic Forum on Africa held in Cape Town, South Africa the Nigerian National Identity Management Commission ( NIMC ) and MasterCard announced their collaboration with plans to roll-out an initial 13 million MasterCard-branded ...
IFC to Support Central Bank of Nigeria in Stren... [Published SocioLingo Africa - May 15 2013] ABUJA, Nigeria, May 15, 2013/African Press Organization (APO)/ — IFC, a member of the World Bank Group, today signed an agreement with the Central Bank of Nigeria to support the implementation...[[ This is a content summary only. Visit my website for ...
Rachel Marsden: China’s low-profile imperialism [Published Right Wing News blog - May 15 2013] PARIS — Hardly a day goes by without America-bashers accusing the U.S. of “imperialism” or “interventionism.” Meanwhile, China is largely exempt from that sort of criticism from the same crowd. If only they’d listen to the governor of the Central Bank ...
World Economic Forum on Africa: Delivering Afri... [Published Brookings Latest From Brookings - May 06 2013] The World Economic Forum (WEF) on Africa was established in Davos, Switzerland in 1990. Since then, the Forum has brought together thousands of world leaders, government officials, business executives and policy experts to discuss the various opportunities ...

Audio/Video

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Nigeria's Economic Concern regarding the Fiscal... [Published ABN Digital - YouTube - Apr 30 2013]
Davos 2013 - (CNN) Emerging Economies at a Cros... [Published World Economic Forum - YouTube - Feb 18 2013]

Press Releases

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Columbia University Presents The 10th Annual Af... [Published CisionWire - English - Feb 21 2013]
MasterCard CEO Ajay Banga Applauds Cashless Nig... [Published EON Business - Jan 14 2013]
MasterCard CEO Ajay Banga Applauds Cashless Nig... [Published Business Wire Professional Services News - Jan 14 2013]
MasterCard CEO Ajay Banga Applauds Cashless Nig... [Published Business Wire Photo/Multimedia News - Jan 14 2013]
MasterCard CEO Ajay Banga Applauds Cashless Nig... [Published Business Wire News with Multimedia - Jan 14 2013]