03/25/2021

Time to Stop Illicit Financial Flows

A quick review of the global statistics on frauds and corruption shows that the damage suffered by African countries due to frauds, embezzlement, economic crimes, financial crimes and corruption is estimated at about 25% of the combined annual budgets of

03/24/2021

CBN threatens banks, to create complaint desk

Emefiele also explained that the nation has not changed its foreign exchange management policy, as the apex bank has continued to adopt the managed-floating strategy.

03/23/2021

CBK in row with banks over dividend payouts

This has seen a number of banks revise dividends that had received board approval downwards to ensure the payouts are a fraction of last year’s disbursements.

03/19/2021

Regulator drops plan to list State loan backed SMEs

CMA chief executive Wycliffe Shamiah said instead of competing with banks, the regulator now wants a broader fund that will help small business reduce the cost of listing even as it offers loan guarantees.