Central Bank of Nigeria (CBN)
Nigerian court ruling deepens concerns over central bank independence
Former governor Sanusi Lamido Sanusi's appeal against presidential decision to suspend him is dismissed by judge; investors ‘nervous' about bank's autonomy
Sanusi: untainted by oil
Sanusi Lamido Sanusi’s aggressive reform agenda and efforts to defy powerful vested interests in Nigeria have secured a positive legacy despite bringing politics to the central bank.
A new wave for polymer banknotes
Does the Bank of England’s move to introduce substrate banknotes represent a ‘tipping point’ for polymer currency? By Tristan Carlyle.
People: Maldives governor approved; Nigeria deputy starts
Maldives parliament approves president's second choice nomination for governor; new Nigerian deputy takes up his post; Pope appoints adviser to Vatican ‘central bank'
Sanusi wins $300,000 in damages from Nigerian government
Sanusi Lamido Sanusi, who was suspended as governor of the Central Bank of Nigeria in February, is not to be arrested or harassed, court states
Nigerian parliament confirms Emefiele as Sanusi's successor
Upper house today confirmed Godwin Emefiele as next governor of the Central Bank of Nigeria; MPC held key rate yesterday despite 'unanimously' voting to tighten
Nigerian deputy governor moots tax on FDI dividends and capital transfers
Kingsley Moghalu laments emerging markets' ‘Faustian bargain' with short-term portfolio investors; moots explicit measures to stem capital outflows in wake of Fed taper
Sanusi exiled from Central Bank of Nigeria
Nigerian president Goodluck Jonathan suspends the central bank governor for financial recklessness; Sanusi says he will fight the suspension but accepts his days are numbered
UK Supreme Court throws out $6.5m fraud case against Central Bank of Nigeria
The UK Supreme Court today accepted an appeal from the Nigerian central bank, which was accused of facilitating a $6.5m fraud in 1986
Nigerian RTGS joins Swift
The country's adoption of the global payment platform yesterday is expected to improve settlement security and discourage the use of cash payments in the longer term
Nigerian interest rates have 'weak effect' on real economy, CBN working paper finds
Paper examines the process by which Nigerian interest rate policy affects the structure of interest rates, credit, aggregate demand and output production
Oil revenue fraud in Nigeria has forced ‘tight monetary conditions' says Sanusi memo
Document purportedly submitted to Senate committee by central bank governor claims oil money embezzlement has made management of exchange rates and price stability ‘extremely difficult'
Nigerian deputy says investment, not aid, will lead Africa to prosperity
Kingsley Moghalu, head of financial stability at the Central Bank of Nigeria, calls for ‘nationally defined' growth strategy and the ‘political will' to realise it
People: Zambian deputy retires; Lautenschläger appointed at ECB
Bank of Zambia and Bank of Nigeria lose deputy governors to the ministry of transport and retirement respectively; Sabine Lautenschläger will join the ECB executive board on January 27
Nigeria's Sanusi to serve out full term after ‘reconciling' with Jonathan
Nigerian central bank governor and president said to put aside their ‘differences' after Goodluck Jonanthan reportedly demanded Sanusi's immediate resignation for allegedly leaking politically sensitive information
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