Share |

Content about Federal Reserve System

November 27, 2011

The CBN now permits a daily cumulative limit of N150,000 and N1,000,000 on free cash withdrawals and lodgments by individuals and corporate customers, respectively.

Nigeria's banks are planning a surge in credit from next year, with the take-off of 'cash-lite' transaction and e-payment system.

November 2, 2011

The party said it should be up to the states to determine what to do with the funds accruing to them

The Action Congress of Nigeria (ACN) has strongly condemned the aggressive clamour by the Federal Government to set up the so-called Sovereign Wealth Fund (SWF), describing the fund as illegal, unconstitutional, fraudulent and anti-federalism.

September 13, 2011

Africa's biggest oil producer will offer N 70 billion of bonds tomorrow, including N 25 billion of notes due 2014

Nigeria faces its highest borrowing costs at an auction since June as yields climb on speculation the central bank will raise interest rates to contain inflation.

August 23, 2011

The move is certain to further shock the nation’s already shaky financial system

The governors of the 36 states of the federation have opposed the implementation of the Sovereign Wealth Fund, declaring it illegal two months after the bill was passed into law.

The governors, who opposed the bill during passage, made this known in a communiqué issued after a meeting on Sunday in Abuja. They urged the federal government to suspend the implementation of the Act until since the new legislation breaches existing laws.

May 21, 2011

The anti-graft agency solicits the cooperation of state chief executives to fight corruption.

The Chairman of the Economic and Financial Crimes Commission (EFCC), Farida Waziri, on Friday, called on governors-elect and returning governors to see the agency as a partner in   ensuring good governance and a corruption free country.

She stated this in Abuja at the on going 2011 Induction and Symposium programme organised by the Nigerian Governors Forum (NGF) for the governors.