CBN faults newspaper claim of 780% rise in it’s life support to FG

WorldStage Newsonline — The Central Bank of Nigeria (CBN) has reacted to the lead story in the BusinessDay newspaper of Monday, June 17, 2019, headlined: “CBN’s life support to FG rises 780% to N8.12trn in 4yrs”, saying, the story was an attempt, through sheer mischief, to distort and misrepresent CBN’s financial operations and also to misinform the investing public on the financial health of our country.

Read More

CBN advised to conduct stress tests on Nigerian banks more regularly

The Central Bank Governor, Godwin Emefiele, has been advised to conduct stress tests on the Nigerian banks more regularly to determine the true health status and capital adequacy of these banks to withstand potential adverse effects and challenges in a dynamic and vulnerable economy like Nigeria aimed at protecting depositors’ funds and other investors’ interests.

Read More

Ecobank Nigeria boss affirms support for Movie Industry

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan says the bank is set to support the Nigerian movie industry to project everything good about Nigeria. Mr Akinwuntan who spoke at the premiere of the movie ‘The Bling Lagosians’ in Lagos said Ecobank is determined to support the creative industry as they are most suited in the task of reinventing the Nigeria of our dreams. This also being in line with the Central Bank of Nigeria (CBN) vision to support the Creative Industry through a Financing Initiative

Read More