News of the finance

The Monetary Policy Committee (MPC) met today to address the challenges faced by the Nigerian economy against the backdrop of recent domestic and international economic and financial developments.br a href=/out/publications/communique/mpd/2009/MPC Communique No 65 1st September 2009.pdfClick here for details/a br br stronga href=/Out/publications/pressRelease/GOV/2009/ADVERTORIAL_18082009.pdfCBN Advertorial On Bank Debtors - 18th August, 2009/a/strongbr Following the recent regulatory action of the Central Bank of Nigeria on the five (5) banks, it has become necessary to use this medium to request the following defaulting customers of the affected banks to pay without further delay their indebtedness, failing which the banks will take all appropriate legal actions to ensure repayment.br a href=/Out/publications/pressRelease/GOV/2009/ADVERTORIAL_18082009.pdfClick here for more details./a

The Central Bank of Nigeria has noted strenuous efforts to deliberately twist information regarding its recent actions to sanitize the banking sector in order to malign and discredit the entire process. a href=/Out/publications/pressRelease/GOV/2009/PRESS RELEASE030909.pdfbr Click here for more details./a brbr stronga href=/out/publications/communique/mpd/2009/MPC Communique No 65 1st September 2009.pdfCentral Bank of Nigeria Communiqu#233; No. 65 of the Monetary Policy Committee Meeting, September 01, 2009./a/strongbr The Monetary Policy Committee (MPC) met today to address the challenges faced by the Nigerian economy against the backdrop of recent domestic and international economic and financial developments.a href=/out/publications/communique/mpd/2009/MPC Communique No 65 1st September 2009.pdfbr Click here for more details./abrbr stronga href=/Out/publications/pressRelease/GOV/2009/ADVERTORIAL_18082009.pdfCBN Advertorial On Bank Debtors - 18th August, 2009./a/strongbr Following the recent regulatory action of the Central Bank of Nigeria on the five (5) banks, it has become necessary to use this medium to request the following defaulting customers of the affected banks to pay without further delay their indebtedness, failing which the banks will take all appropriate legal actions to ensure repayment.br a href=/Out/publications/pressRelease/GOV/2009/ADVERTORIAL_18082009.pdfClick here for more details./a

The Central Bank of Nigeria has noted the rumours making the round that it has concluded arrangements to sell the five banks affected by its recent actions.br a href=/Out/publications/pressRelease/GOV/2009/CBN ADVERTORIAL090909.pdf Click here for more details./abrbr STRONGa href=/Out/publications/pressRelease/GOV/2009/PRESS RELEASE030909.pdf Press Release - 3rd September, 2009./a/STRONGbr The Central Bank of Nigeria has noted strenuous efforts to deliberately twist information regarding its recent actions to sanitize the banking sector in order to malign and discredit the entire process.br a href=/Out/publications/pressRelease/GOV/2009/PRESS RELEASE030909.pdf Click here for more details./abr br a target=_self href=/FAQS/FAQ.asp?Category=CBN Intervention 2009FAQ on the recent CBN intervention involving 5 banks/abr br stronga href=/out/publications/communique/mpd/2009/MPC Communique No 65 1st September 2009.pdfCentral Bank of Nigeria Communiqu#233; No. 65 of the Monetary Policy Committee Meeting, September 01, 2009./a/strongbr The Monetary Policy Committee (MPC) met today to address the challenges faced by the Nigerian economy against the backdrop of recent domestic and international economic and financial developments.uabr Click here for more details./u/abr br stronga href=/Out/publications/pressRelease/GOV/2009/ADVERTORIAL_18082009.pdfCBN Advertorial On Bank Debtors - 18th August, 2009./a/strongbr Following the recent regulatory action of the Central Bank of Nigeria on the five (5) banks, it has become necessary to use this medium to request the following defaulting customers of the affected banks to pay without further delay their indebtedness, failing which the banks will take all appropriate legal actions to ensure repayment.br a href=/Out/publications/pressRelease/GOV/2009/ADVERTORIAL_18082009.pdfClick here for more details./abr br

The Central Bank of Nigeria has noted with concern stories in some segments of the press purporting to report decisions taken as a result of the second batch of audit of Nigerian banks. The CBN wishes to confirm that examiners have concluded their audit on 11 out of 14 banks not included in the first exercise. They have also made significant progress on the remaining three banks and these are Citibank, Stanbic IBTC and Standard Chartered.a href=/Out/publications/pressRelease/GOV/2009/PRESS STATEMENT200909.pdfbr Click here for more details./abr STRONGa href=/Out/publications/pressRelease/GOV/2009/CBN ADVERTORIAL090909.pdfbr CBN Advertorial On Clarifications On Alleged Sale Of Nigerian Banks 9th September, 2009./a/STRONGbr The Central Bank of Nigeria has noted the rumours making the round that it has concluded arrangements to sell the five banks affected by its recent actions. a href=/Out/publications/pressRelease/GOV/2009/CBN ADVERTORIAL090909.pdfbr Click here for more details./abr br a target=_self href=/FAQS/FAQ.asp?Category=CBN Intervention 2009FAQ on the recent CBN intervention involving 5 banks/abr br stronga href=/out/publications/communique/mpd/2009/MPC Communique No 65 1st September 2009.pdfCentral Bank of Nigeria Communiqu#233; No. 65 of the Monetary Policy Committee Meeting, September 01, 2009./a/strongbr The Monetary Policy Committee (MPC) met today to address the challenges faced by the Nigerian economy against the backdrop of recent domestic and international economic and financial developments.uabr Click here for more details./u/abr br stronga href=/Out/publications/pressRelease/GOV/2009/ADVERTORIAL_18082009.pdfCBN Advertorial On Bank Debtors - 18th August, 2009./a/strongbr Following the recent regulatory action of the Central Bank of Nigeria on the five (5) banks, it has become necessary to use this medium to request the following defaulting customers of the affected banks to pay without further delay their indebtedness, failing which the banks will take all appropriate legal actions to ensure repayment.br a href=/Out/publications/pressRelease/GOV/2009/ADVERTORIAL_18082009.pdfClick here for more details./abr br

The Central Bank of Nigeria (CBN) will, on September 30, 2009, issue new 5,10 and 50 Naira Polymer banknotes into circulation to coincide with Nigerias Independence Anniversary.br The new notes will be launched by the President and Commander in-Chief of the Armed Forces, Federal Republic of Nigeria, Alhaji Umaru Musa Yar Adua, GCFR, at the Presidential Villa. br a href=/Out/publications/pressRelease/GOV/2009/Polymer.pdfbr Click here for more details./abrbr STRONGa href=/Out/publications/pressRelease/GOV/2009/PRESS STATEMENT200909.pdfPress Statement - 20th September, 2009./a/STRONGbr The Central Bank of Nigeria has noted with concern stories in some segments of the press purporting to report decisions taken as a result of the second batch of audit of Nigerian banks. The CBN wishes to confirm that examiners have concluded their audit on 11 out of 14 banks not included in the first exercise. They have also made significant progress on the remaining three banks and these are Citibank, Stanbic IBTC and Standard Charteredbr a href=/Out/publications/pressRelease/GOV/2009/PRESS STATEMENT200909.pdfbr Click here for more details./abrbr STRONGa href=/Out/publications/pressRelease/GOV/2009/CBN ADVERTORIAL090909.pdfbr CBN Advertorial On Clarifications On Alleged Sale Of Nigerian Banks 9th September, 2009./a/STRONGbr The Central Bank of Nigeria has noted the rumours making the round that it has concluded arrangements to sell the five banks affected by its recent actions.br a href=/Out/publications/pressRelease/GOV/2009/CBN ADVERTORIAL090909.pdfbr Click here for more details./abr br a target=_self href=/FAQS/FAQ.asp?Category=CBN Intervention 2009FAQ on the recent CBN intervention involving 5 banks/abr br stronga href=/Out/publications/pressRelease/GOV/2009/ADVERTORIAL_18082009.pdfCBN Advertorial On Bank Debtors - 18th August, 2009./a/strongbr Following the recent regulatory action of the Central Bank of Nigeria on the five (5) banks, it has become necessary to use this medium to request the following defaulting customers of the affected banks to pay without further delay their indebtedness, failing which the banks will take all appropriate legal actions to ensure repayment.br a href=/Out/publications/pressRelease/GOV/2009/ADVERTORIAL_18082009.pdfClick here for more details./abr br

In furtherance of the Central Bank of Nigerias statutory duty to ensure a sound financial system in the country, the Governor of the Central Bank of Nigeria (CBN) ordered the Special Examination of all the 24 banks operating in Nigeria. The result of the Special Examination of the first set of 10 banks was made known on 14 August 2009. The CBN wishes to announce that the joint CBN-NDIC examination teams have completed the Special Examination of the remaining 14 banks- and as such the books and affairs of all 24 banks in the Nigerian banking system have now been examined.br br a href=/Out/publications/pressRelease/GOV/2009/pressstatmt%2002-10-2009.pdfClick here for more details/abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/Polymer.pdfCBN Issues New 5,10 and 50 Naira Polymer Notes/a/STRONGbr The Central Bank of Nigeria (CBN) will, on September 30, 2009, issue new 5,10 and 50 Naira Polymer banknotes into circulation to coincide with Nigerias Independence Anniversary.br The new notes will be launched by the President and Commander in-Chief of the Armed Forces, Federal Republic of Nigeria, Alhaji Umaru Musa Yar Adua, GCFR, at the Presidential Villa.br a href=/Out/publications/pressRelease/GOV/2009/Polymer.pdfClick here for more details./abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/PRESS STATEMENT200909.pdfPress Statement - 20th September, 2009./a/STRONGbr The Central Bank of Nigeria has noted with concern stories in some segments of the press purporting to report decisions taken as a result of the second batch of audit of Nigerian banks. The CBN wishes to confirm that examiners have concluded their audit on 11 out of 14 banks not included in the first exercise. They have also made significant progress on the remaining three banks and these are Citibank, Stanbic IBTC and Standard Charteredbr a href=Out/publications/pressRelease/GOV/2009/PRESS%20STATEMENT200909.pdfbr Click here for more details./abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/CBN ADVERTORIAL090909.pdf CBN Advertorial On Clarifications On Alleged Sale Of Nigerian Banks 9th September, 2009./a/STRONGbr The Central Bank of Nigeria has noted the rumours making the round that it has concluded arrangements to sell the five banks affected by its recent actions.br a href=/Out/publications/pressRelease/GOV/2009/CBN ADVERTORIAL090909.pdfClick here for more details./abr brbr br a target=_self href=/FAQS/FAQ.asp?Category=CBN Intervention 2009FAQ on the recent CBN intervention involving 5 banks/abr br stronga href=/Out/publications/pressRelease/GOV/2009/ADVERTORIAL_18082009.pdfCBN Advertorial On Bank Debtors - 18th August, 2009./a/strongbr Following the recent regulatory action of the Central Bank of Nigeria on the five (5) banks, it has become necessary to use this medium to request the following defaulting customers of the affected banks to pay without further delay their indebtedness, failing which the banks will take all appropriate legal actions to ensure repayment.br a href=/Out/publications/pressRelease/GOV/2009/ADVERTORIAL_18082009.pdfClick here for more details./a

The Central Bank of Nigeria (CBN) has noted the reports in some national dailies purporting that a meeting has been convened by the apex Bank with the Chief Executive Officers of the 24 Deposit Money Banks (DMBs) and oil sector operators on October 6 8, 2009 respectively on issues affecting the banking reforms and the economy in generalbr a href=/Out/publications/pressRelease/GOV/2009/Press Release on Meeting with banks051009.pdfClick here for more details/abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/pressstatmt%2002-10-2009.pdfPress Statement on the Outcome of Special Examination of 14 Banks/a/STRONG br In furtherance of the Central Bank of Nigerias statutory duty to ensure a sound financial system in the country, the Governor of the Central Bank of Nigeria (CBN) ordered the Special Examination of all the 24 banks operating in Nigeria. The result of the Special Examination of the first set of 10 banks was made known on 14 August 2009. The CBN wishes to announce that the joint CBN-NDIC examination teams have completed the Special Examination of the remaining 14 banks- and as such the books and affairs of all 24 banks in the Nigerian banking system have now been examined.br a href=/Out/publications/pressRelease/GOV/2009/pressstatmt%2002-10-2009.pdfClick here for more details/abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/AuditQA051009.pdfQuestions and Answers on The Examination of 14 Banks/a/STRONGbr br STRONGa href=/Out/publications/pressRelease/GOV/2009/Polymer.pdfCBN Issues New 5,10 and 50 Naira Polymer Notes/a/STRONGbr The Central Bank of Nigeria (CBN) will, on September 30, 2009, issue new 5,10 and 50 Naira Polymer banknotes into circulation to coincide with Nigerias Independence Anniversary.br The new notes will be launched by the President and Commander in-Chief of the Armed Forces, Federal Republic of Nigeria, Alhaji Umaru Musa Yar Adua, GCFR, at the Presidential Villa.br a href=/Out/publications/pressRelease/GOV/2009/Polymer.pdfClick here for more details./abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/CBN ADVERTORIAL090909.pdfbr CBN Advertorial On Clarifications On Alleged Sale Of Nigerian Banks 9th September, 2009./a/STRONGbr The Central Bank of Nigeria has noted the rumours making the round that it has concluded arrangements to sell the five banks affected by its recent actions.br a href=/Out/publications/pressRelease/GOV/2009/CBN ADVERTORIAL090909.pdfClick here for more details./abr br a target=_self href=/FAQS/FAQ.asp?Category=CBN Intervention 2009FAQ on the recent CBN intervention involving 5 banks/abr br

br In furtherance of the efforts of the Central Bank of Nigeria (CBN) to assist the banks affected by the outcome of the recent CBN/NDIC Special Examination, we publish herewith the list of non-performing loans of N100m and above for Bank PHB, Spring Bank, Unity Bank, Wema Bank and Equitorial Trust Bank as at June 30, 2009. a href=/Out/publications/pressRelease/GOV/2009/ALL_BANKS14102009.pdfClick here for the list/abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/pressstatmt%2002-10-2009.pdfPress Release - RE: CBN Summons Banks To a Meeting-5th October, 2009./a/STRONGbr br The Central Bank of Nigeria (CBN) has noted the reports in some national dailies purporting that a meeting has been convened by the apex Bank with the Chief Executive Officers of the 24 Deposit Money Banks (DMBs) and oil sector operators on October 6 8, 2009 respectively on issues affecting the banking reforms and the economy in generalbr a href=/Out/publications/pressRelease/GOV/2009/Press Release on Meeting with banks051009.pdfClick here for more details/abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/pressstatmt%2002-10-2009.pdfPress Statement on the Outcome of Special Examination of 14 Banks/a/STRONGbr br In furtherance of the Central Bank of Nigerias statutory duty to ensure a sound financial system in the country, the Governor of the Central Bank of Nigeria (CBN) ordered the Special Examination of all the 24 banks operating in Nigeria. The result of the Special Examination of the first set of 10 banks was made known on 14 August 2009. The CBN wishes to announce that the joint CBN-NDIC examination teams have completed the Special Examination of the remaining 14 banks- and as such the books and affairs of all 24 banks in the Nigerian banking system have now been examined.br a href=/Out/publications/pressRelease/GOV/2009/pressstatmt%2002-10-2009.pdfClick here for more details/abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/AuditQA051009.pdfQuestions and Answers on The Examination of 14 Banks/a/STRONGbr br STRONGa href=/Out/publications/pressRelease/GOV/2009/Polymer.pdfCBN Issues New 5,10 and 50 Naira Polymer Notes/a/STRONGbr The Central Bank of Nigeria (CBN) will, on September 30, 2009, issue new 5,10 and 50 Naira Polymer banknotes into circulation to coincide with Nigerias Independence Anniversary.br The new notes will be launched by the President and Commander in-Chief of the Armed Forces, Federal Republic of Nigeria, Alhaji Umaru Musa Yar Adua, GCFR, at the Presidential Villa.br a href=/Out/publications/pressRelease/GOV/2009/Polymer.pdfClick here for more details./abr br a target=_self href=/FAQS/FAQ.asp?Category=CBN Intervention 2009FAQ on the recent CBN intervention involving 5 banks/abr br

The Central Bank of Nigeria (CBN) has noted the front page story of the Champion Newspaper of Friday 16th, October 2009 with the above caption alleging that the CBN Governor, Sanusi Lamido Sanusi had told the Senate that his life was in danger. The paper also attributed to the Governor how a business associate of one of the sacked bank Managing Directors gave out loans in two separate payments to two of his friends, (and that) the bank chief had given out the loans to a friend who said he would refund it in less than one week. a href=/Out/publications/pressRelease/GOV/2009/Press_Statement_17102009.pdfClick here for details/a brbr STRONGa href=/Out/publications/pressRelease/GOV/2009/PUBLIC_STATEMENT16102009.pdfPublic Statement 16th Oct. 2009/a/STRONGbr Further to the recent regulatory action taken by the Central Bank of Nigeria (CBN) in respect of Bank PHB Plc, Spring Bank Plc, Unity Bank Plc, Wema Bank Plc and Equitorial Trust Bank Ltd, the CBN wishes to make these clarifications:a href=/Out/publications/pressRelease/GOV/2009/PUBLIC_STATEMENT16102009.pdfClick here for details/abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/ALL_BANKS14102009.pdfPress Release 14th Oct. 2009/a/STRONGbr In furtherance of the efforts of the Central Bank of Nigeria (CBN) to assist the banks affected by the outcome of the recent CBN/NDIC Special Examination, we publish herewith the list of non-performing loans of N100m and above for Bank PHB, Spring Bank, Unity Bank, Wema Bank and Equitorial Trust Bank as at June 30, 2009. a href=/Out/publications/pressRelease/GOV/2009/ALL_BANKS14102009.pdfClick here for the list/abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/pressstatmt%2002-10-2009.pdfPress Statement on the Outcome of Special Examination of 14 Banks/a/STRONG br In furtherance of the Central Bank of Nigerias statutory duty to ensure a sound financial system in the country, the Governor of the Central Bank of Nigeria (CBN) ordered the Special Examination of all the 24 banks operating in Nigeria. The result of the Special Examination of the first set of 10 banks was made known on 14 August 2009. The CBN wishes to announce that the joint CBN-NDIC examination teams have completed the Special Examination of the remaining 14 banks- and as such the books and affairs of all 24 banks in the Nigerian banking system have now been examined.br a href=/Out/publications/pressRelease/GOV/2009/pressstatmt%2002-10-2009.pdfClick here for more details/abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/AuditQA051009.pdfQuestions and Answers on The Examination of 14 Banks/a/STRONGbr br STRONGa href=/Out/publications/pressRelease/GOV/2009/Polymer.pdfCBN Issues New 5,10 and 50 Naira Polymer Notes/a/STRONGbr The Central Bank of Nigeria (CBN) will, on September 30, 2009, issue new 5,10 and 50 Naira Polymer banknotes into circulation to coincide with Nigerias Independence Anniversary.br The new notes will be launched by the President and Commander in-Chief of the Armed Forces, Federal Republic of Nigeria, Alhaji Umaru Musa Yar Adua, GCFR, at the Presidential Villa.br a href=/Out/publications/pressRelease/GOV/2009/Polymer.pdfClick here for more details./abr br a target=_self href=/FAQS/FAQ.asp?Category=CBN Intervention 2009FAQ on the recent CBN intervention involving 5 banks/abr br

For the benefits of all microfinance banks that attended the Workshop on Returns Rendition recently organized across three locations in the Country and those that could not attend, a revised template is now available a href=/out/circulars/ofid/2009/ofid-05-2009.xlsClick here for details/a br br STRONGa href=/Out/publications/pressRelease/GOV/2009/imfjob.pdfJob Opportunities At The International Monetary Fund (IMF)/a/STRONGbr The International Monetary Fund (IMF) is planning a Recruitment Mission to Nigeria onbr November 10, 2009. The Mission will identify suitable candidates for mid-carrierbr economist pipeline in the Economist Program for recent PhD graduates and otherbr specialist positions. The Federal Ministry of Finance and the Central Bank of Nigeria arebr coordinating the recruitment exercise on behalf of the IMF.a href=/Out/publications/pressRelease/GOV/2009/imfjob.pdfClick here for details/abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/Press_Statement_17102009.pdfPublic Statement 17th Oct. 2009/a/STRONGbr The Central Bank of Nigeria (CBN) has noted the front page story of the Champion Newspaper of Friday 16th, October 2009 with the above caption alleging that the CBN Governor, Sanusi Lamido Sanusi had told the Senate that his life was in danger. The paper also attributed to the Governor how a business associate of one of the sacked bank Managing Directors gave out loans in two separate payments to two of his friends, (and that) the bank chief had given out the loans to a friend who said he would refund it in less than one week.br a href=/Out/publications/pressRelease/GOV/2009/Press_Statement_17102009.pdfClick here for details/abr br br STRONGa href=/Out/publications/pressRelease/GOV/2009/PUBLIC_STATEMENT16102009.pdfPublic Statement 16th Oct. 2009/a/STRONGbr Further to the recent regulatory action taken by the Central Bank of Nigeria (CBN) in respect of Bank PHB Plc, Spring Bank Plc, Unity Bank Plc, Wema Bank Plc and Equitorial Trust Bank Ltd, the CBN wishes to make these clarifications:a href=/Out/publications/pressRelease/GOV/2009/PUBLIC_STATEMENT16102009.pdfClick here for details/abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/ALL_BANKS14102009.pdfPress Release 14th Oct. 2009/a/STRONGbr In furtherance of the efforts of the Central Bank of Nigeria (CBN) to assist the banks affected by the outcome of the recent CBN/NDIC Special Examination, we publish herewith the list of non-performing loans of N100m and above for Bank PHB, Spring Bank, Unity Bank, Wema Bank and Equitorial Trust Bank as at June 30, 2009.br a href=/Out/publications/pressRelease/GOV/2009/ALL_BANKS14102009.pdfClick here for the list/abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/pressstatmt%2002-10-2009.pdfPress Statement on the Outcome of Special Examination of 14 Banks/a/STRONGbr br In furtherance of the Central Bank of Nigerias statutory duty to ensure a sound financial system in the country, the Governor of the Central Bank of Nigeria (CBN) ordered the Special Examination of all the 24 banks operating in Nigeria. The result of the Special Examination of the first set of 10 banks was made known on 14 August 2009. The CBN wishes to announce that the joint CBN-NDIC examination teams have completed the Special Examination of the remaining 14 banks- and as such the books and affairs of all 24 banks in the Nigerian banking system have now been examined.br a href=/Out/publications/pressRelease/GOV/2009/pressstatmt%2002-10-2009.pdfClick here for more details/abr br STRONGa href=/Out/publications/pressRelease/GOV/2009/AuditQA051009.pdfQuestions and Answers on The Examination of 14 Banks/a/STRONGbr br STRONGa href=/Out/publications/pressRelease/GOV/2009/Polymer.pdfCBN Issues New 5,10 and 50 Naira Polymer Notes/a/STRONGbr The Central Bank of Nigeria (CBN) will, on September 30, 2009, issue new 5,10 and 50 Naira Polymer banknotes into circulation to coincide with Nigerias Independence Anniversary.br The new notes will be launched by the President and Commander in-Chief of the Armed Forces, Federal Republic of Nigeria, Alhaji Umaru Musa Yar Adua, GCFR, at the Presidential Villa.br a href=/Out/publications/pressRelease/GOV/2009/Polymer.pdfClick here for more details./abr br a target=_self href=/FAQS/FAQ.asp?Category=CBN Intervention 2009FAQ on the recent CBN intervention involving 5 banks/abr br