Non interest banks to improve liquidity under Basel III Islamic finance -Expert

June 21, 2021 Amaka Ifeakandu 0

Non-interest banks in Nigeria, need more instruments to improve liquidity under the Basel IIIrequirements of the global banking system. Mr. Abdulwaheed Shitta, a financial analyst made this statement while speaking on”Opportunities and Challenges of Islamic Banking and Treasury Management in Nigeria”. According to him, the Basel III Accord was initiated by the Basel Committee on banking supervision to address the Read More

Nigerians shun naira for foreign currencies to protect wealth

April 23, 2021 Blessing Anaro 0

Nigerians who are afraid that the value of the naira may become worthless and inflation might reck further havoc have been accumulating foreign currencies to protect their wealth from naira volatility and surging inflation, according to a research paper in a journal published by the Central Bank of Nigeria. “Higher real-exchange rate volatility is associated with an increased level of Read More

APC governors disown Obaseki over currency printing claim

April 18, 2021 Bode Olagoke 0

The Progressive Governors Forum (PGF) has debunked claims by Governor Godwin Obaseki of Edo state that the federal government printed between N50 billion – N60 billion to bridge the shortfall in the distribution of federation revenues to the three tiers of government in March 2021, saying that the claims did not reflect the true position of things. The Forum, in Read More

Setting up AMCON is a blessing to Nigeria – Ahmed Kuru

March 28, 2021 segun Odunewu 0

The Managing Director/Chief Executive Officer, the Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has described the setting up of AMCON in 2010 as a blessing to Nigeria’s economy. Kuru who disclosed this recently while speaking on his first five years in office said despite the lingering economic challenges and deliberate tactics of some recalcitrant obligors, the corporation has recorded Read More