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The banking industry in Nigeria started during the colonial era with the establishment of Colonial Banks, with the primary aim of meeting the commercial needs of the Colonial Government. [ 1] The banking system in Nigeria is regulated through the Central Bank of Nigeria. This apex bank started operation on July 1, 1959.
April 11, 2007: The Chartered Institute of Bankers of Nigeria got her new Act No. 5 of 2007 which was signed into law by Chief Olusegun Aremu Obasanjo, GCFR, President/Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria. October, 2007: The Institute held the 1st Banking and Finance Conference. October 30, 2007: The Body of ...
Born. ( 1932-04-24) 24 April 1932 (age 92) Abayi, Southern Region, British Nigeria (now Abia State, Nigeria) Dr. Paul Agbai Ogwuma (born 24 April 1932) is a Nigerian banker who was Governor of the Central Bank of Nigeria between 1993 and 1999 during the military regime of General Sani Abacha and his successor General Abdulsalami Abubakar .
Yaba College of Technology was established in 1947 as a successor of Yaba Higher College.It attained autonomous status in 1969 by virtue of Decree 23 which granted it the mandate to provide full-time and part-time courses of instruction and training in technology, applied science, commerce and management, agricultural production and distribution; and for research.
Aigboje Aig-Imoukhuede FCIB, CON (born 24 September 1966) is a Nigerian business mogul, banker, investor and philanthropist. [12] [13] He was the former group managing director (GMD) and chief executive officer (CEO) of Access Bank Plc. [14] He is the founder and chairman of Coronation Group Limited [15] [16] and its affiliates, Coronation ...
Website. unn.edu.ng. The University of Nigeria, commonly referred to as UNN, is a federal university located in Nsukka, Enugu State, Eastern part of Nigeria. Founded in 1955 by Nnamdi Azikiwe [ 5][ 6][ 7] who was the Governor General of Nigeria between 1960 and 1963, [ 8] and first President of Nigeria between 1963 and 1966. [ 9]
1913 – The Federal Reserve Act created the Federal Reserve System, the central banking system of the United States, and granted it the legal authority to issue legal tender. 1930–33 – In the wake of the Wall Street Crash of 1929, 9,000 banks close, wiping out one third of the money supply in the United States. [219]
Corruption in Nigeria is a constant phenomenon. In 2012, Nigeria was estimated to have lost over $400 billion to corruption since its independence. [ 2][ 3] Nigerian politicians find themselves in a strong position of power and wealth due to their connections with the oil and gas industries in Nigeria.