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Federation Account: How They Share: N796 in April 2012 » The Economic Confidential magazine provides here the distribution of a total sum of N796 billion bei...
Tribute to Omoigui Okauru » Once you ask Ifueko Omoigui to speak about higher values, you cannot fail to be swayed or moved by h...
Full Disclosure: Azazi open up on Boko Haram, PDP and the North » The National Security Adviser, Gen. Andrew Owoye Azazi, suddenly found himself in the eye of the sto...
AGF Eulogises Ex-FIRS boss on improved Tax Policies » The immediate past Chairman of Federal Inland Revenue Service in Nigeria, Mrs. Ifueku Okaru has been...
Labour Minister Advocates Paradigm Shift in Industrial Relations » The Minister of Labour and Productivity, Emeka Wogu, has affirmed that the Federal Government has re...
Transport Ministry inaugurates FOI Implementation Committee. » The Federal Ministry of Transport has officially inaugurated its Freedom of Information Act (FOIA) i...
FG, Medecins Sans Frontiere (MSF) join forces against lead poison in Nigeria » Federal Government of Nigeria in collaboration with Medicins Sans Frontieres MSF (Doctors without Bo...
FG Allocates N6bn for Purchase of Vaccines for Routine Immunization » Minister State for Health Dr. Muhammad Ali Pate has said that the Federal Government of Nigeria has ...
President Jonathan Launches Cassava Bread » President Goodluck Ebele Jonathan has called on Nigerians to join hands with the government to unloc...
Southerners to Benefit from Almajiri Education- VP » The Vice President, Arc Mohammed Namadi Sambo, has said that a meeting with State Governors and trad...
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Monetary

Re: A Suit Against CBN by Victor Dike

May 2012 Ugochukwu A. Okoroafor
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victordike

The attention of the Central Bank of Nigeria has been drawn to reports in the media regarding a suit against the Governor, Sanusi Lamido Sanusi, by one Victor E. Dike, who is said to be a professor of Engineering and Technology, National University Sacramento, USA.

 It is important to provide some clarifications on the matter. First, as at the time of release of this statement, no court papers in r...

 

NDIC Warns Banks on Jumbo Salary

April 2012 Economic Confidential
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The Nigerian Deposit Insurance Corporation (NDIC) has warned banks against excessive jumbo remuneration packages which could have negative effect in their revenue drive.

The Managing Director of NDIC, Alhaji Umaru Ibrahim gave the warning when the Bank Directors’ Association of Nigeria (BDAN) paid him a courtesy call in his Abuja Office.

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Sanusi Cautions African Central Banks on Debt Crisis

March 2012 Economic Confidential
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L-R Mallam Sanusi Lamido Sanusi, Governor, CBN , Dr Perks Ligoya, President AACB and Governor, Rserve Bank of Malawi and Mr Tai


The Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi has warned other central banks’ governors not to lower their guard in view of the lingering European debt crisis and the continuing threats of global financial crisis.

Mallam Sanusi while speaking at the First Ordinary Meeting...

 

NDIC Gives Assurance on Banking Reforms

March 2012 Economic Confidential
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ndic_umar_ibrahim

… Appoints Debt Recovery Agents

The Nigeria Deposit Insurance Corporation (NDIC) has again reiterated that the ongoing banking sector reforms would foster the emergence of a sound banking system that would support sustainable economic growth and development.

Apart from the reassurance, the corporation...

 

Islamic Bank: Jaiz Commences Business in 3 Branches

February 2012 Economic Confidential
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The Nigeria's first licensed Islamic Bank, Jaiz Bank Plc has commenced full operation of non-interest commercial banking in Nigeria from three branches in Abuja, Kaduna and Kano.

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Labour Minister Advocates Paradigm Shift in Industrial Relations

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