Nigerian financial sector

Fuel Subsidy Removal, Naira Float Major Hurdles for Nigerian Economy – CIBN

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The Chartered Institute of Bankers of Nigeria (CIBN) has expressed concerns about the negative effects of certain government policies, including the removal of the fuel subsidy and the floating of the Naira, on both the banking sector and the Nigerian economy as a whole. EKO HOT BLOG reports that this statement was made during the … Read more

1,000 CBN Staff Sack: Reps Demand Answers On N50bn Payout

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31 new states

The House of Representatives has resolved to investigate the retirement of over 1,000 staff of the Central Bank of Nigeria (CBN) and the associated N50 billion payoff scheme. The decision was reached during Tuesday’s plenary session following a motion of urgent national importance moved by Kama Nkemkama, representing the Ohaozara/Onicha/Ivo Federal Constituency of Ebonyi State. … Read more

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