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One Year of CBN Under Sanusi

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  • Economic Confidential
    Latest from factual, authoritative and accessible economic magazine, Economic Confidential. You can also follow us on social media network for latest economic
    Message 1 of 1 , Jun 7, 2010
      Latest from factual, authoritative and accessible economic magazine, Economic Confidential. You can also follow us on social media network for latest economic stories and from other news sources. Click on http://www.facebook.com/economicconfidential

      Click on READ to read any of the features below:

      One Year after: Focusing on CBN Under Sanusi
      As every actor knows, it is easy to be typecast. The picture being made of Sanusi Lamido Sanusi, after one year in office as the Governor of the Central Bank of Nigeria is that of a man who is in a hurry to make history. When he was appointed Governor of CBN in June 2009, not a few persons expected a fundamental shift in style and substance in the apex bank... READ

      Economy: Nigerians to Slaughter Slab?
      Anyway, the way things now stand, even though the international average crude price has remained over the budget benchmark of $67/barrel for most of the year; the crude output projection of 2.3 barrels/day became unrealizable because of disruptions to export in spite of the Amnesty Programme for Niger Delta Militants... READ

      Audit Report that Exposed the Rot in the Banking Sector
      Many people did not actually know the gory details of how the sacked chief executives of the eight banks ruined their banks. The audit reports showed the sacked CEOs setting up Special Purpose Vehicles to lend money to themselves for stock price manipulation or the purchase of estates all over the world. One bank borrowed money and purchased a private jet which was later discovered registered in the name of the CEO's son... READ

      The legality of CBN's Action on sick banks
      One of the shareholders of the banks, Sir Sunny Nwosu said the apex bank erred by appointing chief executives of banks and at the same time fixing their tenure. A Lagos based lawyer, Festus Keyamo disclosed that though the CBN Act says little about its powers in relation to other banks, BOFIA Act is very detailed regarding the powers and functions of CBN... READ

      NEMA Delivers Relief Materials to Haiti
      The National Emergency Management Agency has delivered relief items approved by the federal government for victims of the earthquake disaster that devastated Haiti on 12th January 2010.Director General of NEMA retired Air Vice Marshal Mohammed Audu-Bida delivered the items on behalf of the federal government to the Haitian authorities for the victims in Port-au-Prince, the country’s capital. He said the items were approved by President Goodluck Jonathan in addition to the earlier financial donation made to cushion the impact of the disaster... READ

      Monetary Policies and the Nigeria 's Economic Development
      Apart from his distinction in monetary policy at master degree program, Lamido Sanusi has displayed high level of competence in the application of such intellectuality towards the sanitization of our national monetary system; the process which has led to the ongoing reforms in the Nigerian banking sector... READ

      Mothers as Career Counsellors for Children
      While trying to counsel our children on future careers, they should be encouraged to decide based on their knowledge and skills, which as mothers who are close to them, be able to advise them accordingly. It must be pointed out that we should regularly crosscheck and evaluate their class works to determine their proficiencies. Mother should be the children’s best companion… be close enough to understand the subjects they are good at from the foundation... READ

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