Outside of a desire to emboss Buhari’s portrait on naira notes, very little of the justification given by the Central Bank for the redesign of the naira makes sense.
Mr Emefiele said that countries with better developed financial systems tended to grow faster over long periods of time.
A financial expert preferred that the CBN should have ensured that the scarce denominations, like N100 and N200, are readily available by printing more.
AdekunIe Sonola, was appointed as the new Managing Director/Chief Executive Officer.
Some financial analysts have urged President Muhammadu Buhari’s regime to raise the nation’s oil production to the OPEC quota to reduce the proposed budget deficit.
The top banker said “quality and inclusive education is a precursor to economic mobility, growth and development of any nation”.
The House said the suspension should be until the CBN, NDIC and AMCON concluded all processes for an open, transparent, and competitive bid process.
The debt has now risen to N80 billion from N42 billion earlier this year, said ALTON president Gbenga Adebayo.
First Bank’s move comes as the country continues to tackle forex scarcity crisis.
We certainly cannot afford to be accumulating debts capable of enslaving our future generations,” the Anglican primate warned.
