In spite of the ongoing recession that is spreading across the country, the Central Bank of Nigeria has decided to reintroduce bank charges for deposits and withdrawals from April 1st 2017. Banks will from that date begin to charge individuals…Continue Reading »
A senior Nigerian lawyer, Femi Falana, has asked the Economic and Financial Crimes, EFCC, to promptly investigate a range of dealings involving alleged diversion of public funds overthe years by government establishments, including the central bank, under former governors, Chukwuma…Continue Reading »
Nigeria is indeed a country of boundless absurdities, most of which were "invented" and found their way to the fore just after the exit of PDP which "ruled" the country for sixteen years uninterrupted. The oddity in the attitude of…Continue Reading »
The ousting of top management at one of Nigeria’s largest banks is deepening concern over the health of the industry. The central bank stepped in to replace the chief executive officer, chairman and 10 other directors of Skye Bank…Continue Reading »
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