Sanusi

The currency of any independent country which is the legal tender symbolizes its nationhood. That is what the Naira and Kobo mean to Nigeria. But over the years, they have been subjected to different forms of abuses including mutilations, defacing and even outright sale in open markets. Often times, the currencies-Naira notes and coins-are conspicuously displayed for sale in such unholy places as motor parks, party venues, event centres etc.

The Central Bank of Nigeria (CBN) in its effort to include all strata of the population in the financial sector has said that promotion of Microfinance is a vital strategy. This strategy of financial inclusion or inclusive financing according to Wikipedia, 2011 is the delivery of financial services at affordable costs to sections of disadvantaged and segments of low income of the society.

The Central Bank of Nigeria (CBN) has concluded the initiative to implement the electronic payment of government suppliers, all forms of taxes, salaries and pension in Nigeria.

When Mr. Sanusi Lamido, governor Central Bank of Nigeria (CBN)  said Nigerians has seen the worst in the banking sector, and that with the nationalization of the three rescued banks unable to get suitors to recapitalize has marked the begin of new  and prosperous era in the sector.
Even though many see the nationalization of former Afribank, Bank PHB and Spring Bank as very unpopular, but Sanusi insists that the option was indeed the best considering the circumstance we found our economy.

The Federal government has secured about N2.2tn investment communication from foreign and local investors for the non-oil sector of the economy in the next 12 months.

International Finance Corporation (IFC), a member of the World Bank Group, last week announced an investment of $10.5million in Interswitch Limited to help consumers at all levels gain improved, low-cost access to financial services.

At FirstBank we believe in continuous implementation of strategies that will enable us sustain our number one position in the industry and we have consistently achieved this over the past 117 years. In fact, after a century of landmark operations, the Bank flagged off the “Century II” business transformation project in 1996. The goal was to reposition the brand to align with constantly changing features of the Marketplace.

Mr. Omar Suleiman, managing director,Nigeria Ports Authority(NPA), has emphasized the important role the NPA is playing in the development process of the nation, saying that any economic policy in the Country which does not take appropriate congnisance of its vital role is incomplete.