In a move aimed at strengthening financial stability and instilling discipline in the banking sector, the Central Bank of Nigeria (CBN) has barred banks in the country from extending further credit
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Sanusi Lamido: Avatar of banking sector
September 20, 2012 Comment Off 80 ViewsConsequent upon the Chukwuma Soludo-inspired consolidation of 2005 in which Nigerian banks graduated into mega status, the entire industry was enveloped in a frenzy. Essentially, the banks by their
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The Sovereign Wealth Fund Team Who Will Govern Nigeria’s Savings
September 3, 2012 Comment Off 62 ViewsThe unveiling last week of the board of the Sovereign Wealth Fund by the Federal Government has rekindled hopes that oil revenue savings would be better managed for the rainy day. Festus Akanbi
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Currency tinkering: Outlook for Nigerian economy
September 3, 2012 Comment Off 786 Views
5000 naira Once again, Nigeria is in the throes, as it were, of another currency tinkering, except that this time it is in the realm of currency redesigning and new addition. In recent memory,
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$15m Ibori bribe sum: Twist in ownership saga
September 1, 2012 Comment Off 79 Views
Andy Uba The drama over the ownership of the $15 million allegedly offered as bribe to the Economic and Financial Crimes Commission (EFCC) by former Delta State Governor, James Ibori, got more
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N5,000 Note – Nigerians Say ‘No’
August 25, 2012 Comment Off 43 ViewsPlans by the Central Bank of Nigeria to restructure the country's currencies, especially the introduction of N5,000 note, will facilitate corruption, promote money laundering and increase financing
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New bank notes symptom of old woes in Nigeria
August 24, 2012 Comment Off 57 ViewsNigeria is set to unveil a bank note five times more valuable than its largest denomination bill as part of a major overhaul to its currency, a change some worry will further speed devaluation of its
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Are Nigeria’s banks expanding too fast after the cleanup?
August 1, 2012 Comment Off 35 ViewsAfter the crisis of 2009, Nigeria’s banking system has been cleaned up, with the sector performing impressively this year. So everything’s fine? Not quite, according to a new report by the
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Infrastructure finance and Vision 2020
August 1, 2012 Comment Off 56 ViewsBased on the Act that established it in 2005, the Infrastructure Concession Regulatory Commission (ICRC) is charged, for the benefit of Nigerians, with catalysing public and private resources
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Nigeria Loses N2 Trillion to Capital Flight in Maritime Sector – Okonjo Iweala
July 24, 2012 Comment Off 70 ViewsMinister of Finance, Dr Ngozi Okonjo-Iweala, says Nigeria loses more than N2 trillion annually to capital flight following inability of indigenous ship owners to fully participate in crude oil
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Events
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Africa Day Celebration: A Vibrant Showcase of African Culture in London
April 29, 2025
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CANUK Celebrates 20 Years of Community Excellence with Grand Anniversary Gala
April 25, 2025
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Ben Okri’s African Stories Anthology: Exclusive Book Launch in London
April 25, 2025
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Celebrate Africa Day at World in Westminster – A Vibrant Cultural Showcase
April 25, 2025
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Tunnel Vision Fridays: A Night of Afrobeat, Amapiano, and More in London
April 25, 2025
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15th UK-Africa Trade & Investment Summit 2025: Strengthening Economic Partnerships
April 24, 2025
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Nigerian Festival UK 2025: Celebrating Culture, Music, and Heritage
April 23, 2025
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