SOMETHING is mysterious about the sort of greatness our rulers want for Nigeria. What is certain is that their celebrated expertise in creating concentric circles of conspiracies to control the country has resulted in constitutional infractions too obvious to be ignored.

IT is now mandatory for the nation’s banks to disclose in their reports the credit approval limits of boards, board credit committees, management credit committees, managing directors, group heads, corporate and retail banking.

Apart from the positive bust in communications which has seen the country increasingly connected, the efforts of the Nigerian government in spreading modern communications growth and development to the far ends of the country which house the unserved and underserved population, is to say the least, insignificant.

The Central Bank of Nigeria (CBN) would soon handover debtors of distressed microfinance banks to the Economic and Financial Crimes Commission (EFCC).

The governor, who was guest speaker at this year’s Mukoro Mowoe Memorial Lecture on the theme, The Benefits of Credible Elections in Nigeria, organised in Warri by Urhobo Social Club, Lagos, said many elite wanted to confuse the whole essence of democracy.

Registrar/Chief Executive, Chartered Institute of Bankers of Nigeria (CIBN), Dr. Uju Ogubunka says it is possible for bank customers to safeguard their money in a bank against distress and he explains how this can be achieved.

Banks have turned the N10 million limits on cheque transactions into a money spinning avenue.In placing the ban on payment of value above N10 million through cheques last year, the Central Bank of Nigeria (CBN) directed that such payment should be made through electronic payment channels.

The federal government has given insurance company in the company a deadline of December 31st 2015 to achieve a single west African insurance market.

For the first time the history of the country, price of properties are on the down ward trend falling as much as ten percent.
Real sector experts attribute this unprecedented turn around in fortunes to the on going banking sector reforms.

The Central Bank of Nigeria (CBN) and operators of Primary Mortgage Institutions (PMIs), have commenced work on the modalities for the establishment of the proposed Mortgage Refinance/Liquidity Company (MRC).

By Emeka Mamah KADUNA —  The Arewa Consultative Forum, ACF, has condemned the latest resolution of the Federal Executive Council, FEC, that President Umaru  Yar’Adua is fit to rule the country from his hospital bed in Saudi Arabia, saying it was an attempt to “cloak the fact and play down the obvious that Yar’Adua has […]

The Governor of the Central Bank of Nigeria, Lamido Sanusi continues to leave no one in doubt that CBN reforms and sanitization of the banking sector is ongoing.

By AbdulSalam Muhammad KANO —  Elder statesman, Alhaji Tanko Yakasai, has faulted the position of the United States government and leaders of the European Union, EU, on President Umaru Yar’Adua’s ailment as “double speak and unfortunate.” The former Chief Liaison Officer to former President Shehu Shagari, in a statement in Kano, weekend, explained that the […]

One of Nigeria’s notable ICT Distributor’s, Technology Distributions, is set to launch a branch in Liberia in the second week of February 2010.

Apparently trying to demonstrate its commitment to continually proffer solutions to the challenges of the global ICT market, one of Nigeria’s foremost ICT solutions provider Resourcery Plc, has recently extended its dragnet to India, catching one of India’s famous software giant, Prodapt on a business memorandum of understanding (MOU).