Central Bank of Nigeria (CBN)
IMF warns Nigeria over large portfolio flows
Fund commends 'appropriate' monetary stance but warns of economic vulnerabilites caused by portfolio flows and dependency on oil receipts
Nigeria could ditch polymer banknotes after six-year pilot
The Central Bank of Nigeria is considering reverting back to paper banknotes after using polymer for the past six years; spokesperson says it has ‘not had a good experience’ with the plastic notes
Sanusi unveils revised Nigerian payments strategy
Central Bank of Nigeria governor underscores progress made already with modernising payment systems in Nigeria, and reveals details of revised payments strategy for 2020
Nigerian monetary policy a ‘Faustian bargain' with hot money, says deputy
Deputy governor for financial stability says advanced economy QE is pushing investors to search for yield in countries such as Nigeria; sees increased use of renminbi in African central bank reserves
Sanusi unveils $1.4bn lending scheme for Nigeria's small businesses
Nigerian central bank will offer funding on advantageous terms to ‘participating financial institutions' to lend on to micro, small and medium-sized enterprises
Nigeria's financial system stable despite major challenges
A handful of lenders continue to dominate the country's banking industry, but asset quality and capitalisation levels ‘improved significantly' last year, according to the central bank's latest stability report
Central Bank of Nigeria ‘masterstroke’ aims at two-pronged tightening
Move to raise cash reserve ratio to 50% on public sector deposits represents ‘significant tightening' by the central bank, which left interest rates unchanged
Sarb and Nigeria hold steady as Ghana hikes rates 100bp
Bank of Ghana responds to inflationary threat with one percentage point rate rise, in addition to changes to affect policy transmission; Sarb and Central Bank of Nigeria see threats but hold steady
Central Bank of Nigeria hits back at ‘unfounded and mischievous’ reports
Central bank denies reports that it destroyed documents demanded in a hearing of the Nigerian parliament’s Public Accounts Committee
Central banks adopting social media at different paces, finds CBJ study
A new Central Banking journal study shows that institutions around the world are adopting very different approaches in their deployment of social media techniques
Sanusi impersonators shut down in fight against Nigerian scams
Central Bank of Nigeria ensures over 100 social networking accounts impersonating governor Sanusi Lamido Sanusi are closed down in battle against fraud
Sanusi will not seek second term at Nigerian central bank
Governor of the Central Bank of Nigeria, Sanusi Lamido Sanusi, will step down in June 2014; close to securing last in a string of controversial banking reforms
Nigerian central bank tells government to act on oil
Monetary Policy Committee cautions government against ‘complacency’ in tax revenue collection and says swift action is needed to support the struggling oil industry
People: Dijsselbloem bids for Eurogroup chair; Sanusi takes reins at WAMZ
Eurozone finance ministers to elect new chair on Monday; West African Monetary Zone chair passes to Nigeria governor; Finland picks audit head
Central Bank of Nigeria denies Sanusi arrest warrant rumours
Central bank says no arrest warrant for Sanusi Lamido Sanusi issued – contrary to local media reports – but admits governor has defied parliamentary summons
Nigeria commits to tight monetary stance
Interest rate held at 12% despite decline in growth and core inflation
Embattled Nigerian governor condemns corrupt leadership
Central Bank of Nigeria governor Sanusi Lamido Sanusi says country’s economy is grossly underperforming due to corrupt and ineffectual leadership throughout the country
Nigeria builds buffers to brace against uncertainty
Bank of Nigeria minutes show commitment to increase external reserves buffer; inflation expected to be lower than forecast
Central Bank of Nigeria rebuts ‘false rumours’ on currency plans
Statement by Nigeria’s central bank attempts to correct ‘dangerous misrepresentations’ about currency restructuring; denies accusations new 5,000 naira banknote will be costly and cause inflation
Central Bank of Nigeria stays firm over currency changes
List of frequently asked questions makes it clear overhaul plans are here to stay; central bank fails to offer direct response to criticism from government
Nigerian politicians blast central bank currency reform plan
Senate orders central bank governor to halt process of introducing a 5,000 naira banknote; chairman of Committee on Banking, Currency and Other Financial Institutions demands consultation
Shake-up of Nigerian currency announced
Sanusi Lamido Sanusi outlines plans for “restructuring” of currency; changes include introduction of new 5,000 naira banknote and improved security features on existing notes
Nigerian bank responds to central bank call for more female leadership
United Bank for Africa appoints two female board members; follows push from financial sector leadership to increase number of women in senior roles in the industry
Central banks hold rates amid continued uncertain outlook
Central banks in Hungary, Israel, Mexico, Nigeria and Thailand maintain benchmark interest rates, citing fragile global economy; domestic growth prospects vary