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Cardoso has promised to prosecute any entities involved in making fraudulent claims. The Deloitte audit is one of three concurrent investigations into the bank’s management under…
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DOI: 10.1108/OXAN-DB285419
ISSN: 2633-304X
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Cardoso replaces former Governor Godwin Emefiele, who is currently facing corruption charges. The Senate also confirmed four deputy governors, making it the first time in the…
Nigeria's economic outlook.
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DOI: 10.1108/OXAN-DB216342
ISSN: 2633-304X
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Emefiele has vowed that the CBN will significantly increase financial inclusion, recapitalise banks and help the economy achieve double-digit growth over his second term. However…
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DOI: 10.1108/OXAN-DB244823
ISSN: 2633-304X
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Pressured naira.
This follows an October 26 Central Bank of Nigeria (CBN) statement announcing the withdrawal of older notes from circulation. The CBN argued this was necessary to check…
This is the second devaluation of the naira in less than six months on the official foreign exchange (forex) market. The CBN has previously staved off a devaluation despite the…
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DOI: 10.1108/OXAN-DB255029
ISSN: 2633-304X
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Nigerian banking innovations.
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DOI: 10.1108/OXAN-DB245962
ISSN: 2633-304X
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Nevertheless, it represents a 43% depreciation since June 20, when the CBN abandoned its pegged rate of 197 naira to the dollar. The decision follows the first GDP contraction in…
Prospects for Africa's economies to end-2016.