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Tag Archives: Banks

Blame It On Coro

“My brother, whatever has gone wrong this year, blame it on Coro”, Nze quipped. It is 2020… the year the novel Corona Virus; COVID-19 ravaged the world and left the economies of many Nations in total disarray. In Nigeria, this virus has been dubbed “Coro” by many who found themselves ...

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CBN’s big stick and the Naira

CBN

The Central Bank of Nigeria (CBN) wielded the big stick on Tuesday August 23, 2016 by suspending nine banks from the foreign exchange (forex) market for their failure to remit a total of $2.334 billion Nigerian National Petroleum Corporation (NNPC)/Nigerian Liquefied Natural Gas (NLNG) Company dollar deposits to the Federal Government’s ...

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