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Digital currency threat to financial stability – Ibrahim, NDIC boss

We are running a corrupt system, says Osinbajo

According to Ibrahim, the proliferation of digital currency like Bitcoin has led to the partial disintermediation of the banking system. Omodele Adigun Since the advent of digital currency, traditional banking institutions have not remained the same again. In fact, “the fabric of the global financial stability is constantly being threatened”, says Umar Ibrahim, the Managing Director/Chief […]
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Expect privatisation of more national assets – Emefiele

Expect privatisation of more national assets – Emefiele

The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has given hints that more state-owned enterprises would be privatised. The governor made this known to journalists at a press conference to mark the end of the annual meetings of the International Monetary Fund (IMF) and World Bank, in Bali, Indonesia. “As you […]
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FG advovates concerted efforts to tackle low manpower

FG advovates concerted efforts to tackle low manpower

Uche Usim, Abuja The Minister of Finance, Mrs Zainab Ahmed, has sought the cooperation of community service organizations, the private sector, traditional leaders and development partners to work with the government in the urgent task of replenishing the nation’s depleted manpower. She also said home-grown solutions would be the best option, even as she listed […]
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Zainab Ahmed: Nigeria’s low human capital development ranking depressing

Zainab Ahmed: Nigeria’s low human capital development ranking depressing

Zainab Ahmed, the minister of finance, says Nigeria’s spot on the Human Capital Development ranking released by the World Bank is depressing. The newly-appointed minister expressed her views while journalists The post Zainab Ahmed: Nigeria’s low human capital development ranking depressing appeared first on TheCable.

FG to borrow $2.8bn with Eurobond

FG to borrow $2.8bn with Eurobond

“We have a lot of headroom to borrow, but we are not rushing to borrow more because we have to consider the foreign debt service obligations that we carry now” – Zainab Ahmed Despite its excruciating debt service burden that has already drawn the red flag of the International Monetary Fund (IMF) and other multilateral […]
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Follow TheCable as Zainab Ahmed replaces Adeosun at 2018 IMF/WBG meetings

Follow TheCable as Zainab Ahmed replaces Adeosun at 2018 IMF/WBG meetings

After echoes from the 2018 Spring meeting of the International Monetary Fund and the World Bank Group advising countries to invest in human capital, world leaders and economic experts have The post Follow TheCable as Zainab Ahmed replaces Adeosun at 2018 IMF/WBG meetings appeared first on TheCable.

Finance minister seeks probe of bank chiefs

Finance minister seeks probe of bank chiefs

Nigeria’s Minister of Finance, Zainab Ahmed, has expressed serious concerns over the rising incidence of non-performing loans (NPLs) in deposit money banks (DMBs) in the country. Mrs Ahmed urged the financial sector regulatory authorities and insurers, including the Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC)  to use the defunct Skye […]
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