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Policy issues: CBN, Finance Ministry rift deepens

HOPES of unanimity of positions and harmony of fiscal and monetary policies appear dim following an alleged demand for a review of the powers of the Central Bank of Nigeria, CBN, by the Ministry of Finance.

Theft of CBN’s N8bn: 2 bankers bag 18 years

A Federal High Court sitting in Ibadan has sentenced a Central Bank of Nigeria staff, Philip Togun, and a woman, Esther Afolabi, ex-staff of WEMA Bank to 18 years imprisonment for participating in stealing of N8 billion at CBN Ibadan branch.

Rising bad loans choking banks – CBN

The Central Bank of Nigeria (CBN) yesterday warned that the rising incidence of bad loans has exposed the banking sector to macroeconomic adversity and weakened resilience in the sector.

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