Following the directive by the Central Bank of Nigeria (CBN) and the Bankers Committee that Nigerian banks should stop charging N100 effective Dec. 17, 2012, NaijaPundit has looked into the policy to see if there has been compliance by the nation's notoriously money seeking banks.Add a comment
Former President Olusegun Obasanjo on Thursday said the introduction of the N5,000 note would kill production and affect small businesses negatively. This view was supported by Professor of Business, Pat Utomi, who said it goes against the CBN's previously announced cashless policy.Obasanjo, who spoke at a roundtable advocacy forum organised by the Institute of Directors, Nigeria, in Lagos, said the way the Governor, Central Bank of Nigeria, Mr. Lamido Sanusi, was fighting inflation by removing money from circulation was improper. Add a comment
FG recalls suspended SEC DG
The Federal Government has recalled the suspended Director -General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh.
Her recall was communicated to her through a circular; SGF.2/S.9/C.13/454 dated 17/ July/ 2012 and signed by the Secretary to the Government of the Federation, Senator Anyim Pius Anyim.
It will be recalled that the Board engaged the Price Water Coopers Limited, a renowned audit firm, to examine SEC's account records. Add a comment
'Chicago' Certificate Forces Yahoo CEO To Resign
Yahoo! CEO Scott Thompson is expected to step down from his post following the controversy surrounding his allegedly inflated resume, in the latest blow to the struggling Internet giant, a leading industry website reported Sunday.The All Things Digital website reported that Thompson's imminent departure marks "what will be a dramatic end to a controversy over a fake computer science degree that he had on his bio," and cited "multiple sources close to the situation." Add a comment