Sanusi, CBN and end of Tenure

Written by Africa Political & Economic Strategic Center (AFRIPOL) Sanusi Lamido Sanusi, Executive Governor of Central Bank of Nigeria (CBN) in next ten months will vacate his position as the chieftain of the country’s apex bank. He showed no interest in asking for the renewal of his job when the first term elapses in 2014. […]

Nigeria’s Economy On The Brink Of Collapse – ACN

By Alhaji Lai Mohammed The Action Congress of Nigeria (ACN) has alerted the nation to an impending collapse of the Nigerian economy, unless the Federal Government cuts the astronomical cost of running a bloated government and takes urgent measures to diversify the economy and shore up the production of oil, which remains the mainstay of […]

Lamido Sanusi denies wrongdoing over £5bn missing funds

…Respected head of Nigeria’s central bank Lamido Sanusi called to appear before MPs but says he is ‘unaware’ of arrest warrant (Guardian.co.uk) The head of Nigeria’s central bank has denied any wrongdoing after he and 14 other officials were threatened with arrest warrants over £5bn missing from government funds. Lamido Sanusi, a highly respected banker, […]

I Didn’t Advocate Mass Sack of Civil Servants – Okonjo-Iweala

The Coordinating Minister for the Economy and Minister of Finance, Dr Ngozi Okonjo-Iweala, has denied media reports that she was in support of mass sack in the civil service. The minister in a statement by her media aide, Mr. Paul Nwbuikwu, described the reports as absolutely untrue, adding that what she actually said was effectively […]

Reps order CBN to withhold introduction of N5000 note

…Declares Arunma Oteh’s reinstatement as SEC DG illegal. Channelstv: The House of Representatives in a unanimous resolution on Tuesady, ordered the Central bank of Nigeria (CBN) to hold on the proposed introduction of the N5000 note. The lawmakers in their first session after a long recess ordered the apex bank to withhold the planned release […]

Press Statement: ICAN Opposes Introduction of N5,000 Notes

The attention of the Institute has been drawn to the August 23, 2012 Press Statement by the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi in which he apprised the nation of the apex bank’s plan to restructure the existing profile and redesign the Nigerian currency for the sum of N40billion. […]

Nigeria 5,000 Naira note: What is Central Bank of Nigeria thinking?

By Emeka Chiakwelu How long will it take Nigerian policy makers to come out from their self imposed bubble and comprehend that policy decision they made can have adverse consequences. We all wake up one bright morning; the next thing we heard was that Sanusi’s Central bank of Nigeria (CBN) will introduce a 5,000 naira […]

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