This is the upcoming events feed from the Central Bank of Nigeria. It lists occasions, venue/location, time and major highlights. http://www.cenbank.org/cbnCommunity/events.asp Finance/Banks/Internet/Site Management/Content Management Copyright 2006 Central Bank of Nigeria http://blogs.law.harvard.edu/tech/rss en-us Fri, 10 May 2013 16:46:09 +0100 webteam@cenbank.org Thu, 21 Mar 2013 09:25:50 +0100 webmaster@cenbank.org FeedForAll v1.0 (1.0.2.0) http://www.cenbank.org/rss/images/rssbanner.gif http://www.cenbank.org/cbnCommunity/events.asp This is the upcoming events feed from the Central Bank of Nigeria. It lists occassions, venue/location, time and major highlights. 163 33 Venue: MPC Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja<br> Day 1: Monday, May 20, 2013 Time: 9 am<br> Day 2: Tuesday, May 21, 2013 Time: 9 am Tue, 18 Sep 2012 15:54:12 +0100 Thu, 21 Mar 2013 09:25:50 +0100 Venue: MPC Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja<br> Date: 18th - 19th March, 2013<br> (Webcast on website: Tuesday - 13.30 GMT) Mon, 11 Mar 2013 19:27:17 +0100 Venue: MPC Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja<br> Date: 21st January, 2013<br> (Webcast on website: Monday - 15.45 GMT) Wed, 16 Jan 2013 17:23:17 +0100 Venue: MPC Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja<br> Date: 17th -18th September, 2012<br> Time: Monday - 3 pm, Tuesday - 8 am<br> (Webcast on website: Tuesday - 13.30 GMT) Thu, 13 Sep 2012 10:41:24 +0100 July 23rd - 24th, 2012. MPC Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja. Wed, 23 May 2012 13:42:58 +0100 May 21st - 22nd, 2012. MPC Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja. January 30th - 31st, 2012. D8 Meeting Room, 11th Floor, Wing C, CBN Corporate Headquarters, Abuja. 23 January 2012 12:32:11 Venue: GCC Room, 11th Floor, Central Bank of Nigeria Corporate Head Quarters, Abuja.<br> Date: 21st November, 2011. Fri, 18 Nov 2011 11:46:55 +0100 13th October, 2011, Reiz Continental Hotel, Central Area, Abuja. 5pm prompt. Wed, 12 Oct 2011 17:18:16 +0100 10th October, 2011, D8 Meeting Room, 11th Floor, Wing C, CBN Head Office, Abuja. 10 am. Prompt Thu, 6 Oct 2011 18:27:16 +0100 9th - 12th October, 2011, ECOWAS Secretariat, Abuja, Nigeria. Tue, 25 Jan 2011 18:23:29 +0100 24th - 25th January, 2011. CBN Head Office, Abuja. Wed, 24 Nov 2010 14:28:43 +0100 Date: 17th - 18th January 2011<br> Venue: Sheraton Hotel and Towers, Abuja, Nigeria. Thu, 9 Dec 2010 09:00:29 +0100 6th - 7th Dec. 2010. Ladi Kwali Hall, Sheraton Hotels & Towers, Abuja, Nigeria. Mon, 17 May 2010 14:30:57 +0100 22nd November, 2010. CBN Head Office, Abuja. Wed, 22 Sep 2010 18:12:39 +0100 21st September, 2010. CBN Head Office, Abuja. Mon, 9 Aug 2010 10:06:37 +0100 Date: 4th - 5th August 2010<br> Venue: Hydro Hotels Limited, Minna, Niger State. Thu, 24 Jun 2010 09:27:57 +0100 Thursday, May 27, 2010, Main Auditorium, Central Bank of Nigeria, Corporate Head Quarters, Central Business District, Abuja. Wed, 5 May 2010 17:55:12 +0100 The event will hold between the 10th and 11th of May, 2010 Wed, 17 Feb 2010 10:31:29 +0100 1st and 2nd March, 2010. CBN Head Office, Abuja. Mon, 25 Jan 2010 11:33:33 +0100 Date: 10th - 12th February 2010<br> Venue: Kwara Hotel, Ilorin, Kwara State. Wed, 2 Sep 2009 08:03:39 +0100 Date: 21st - 22nd January, 2010<br> Venue: Sheraton Hotel and Towers, Abuja Nigeria Fri, 8 Jan 2010 09:12:00 +0100 4th and 5th January, 2010. CBN Head Office, Abuja. Tue, 8 Dec 2009 15:41:10 +0100 Date : 21st - 22nd November, 2009<br> Venue: International Golf and Country Club, Maitama, Abuja, Nigeria. Wed, 4 Nov 2009 18:39:17 +0100 Tuesday 3rd November, 2009. CBN Head Office Abuja. Wed, 2 Sep 2009 08:03:36 +0100 Tuesday, 1st September, 2009, Abuja. Tue, 21 Jul 2009 15:50:25 +0100 Date: 15th - 18th July, 2009<br> Venue: Benue Hotels, Makurdi, Benue State. Fri, 22 May 2009 19:55:20 +0100 Tuesday, 7th July, 2009, Abuja. Fri, 22 May 2009 19:55:24 +0100 Time: 12:00pm<br> Date: Thursday May 14th, 2009<br> Venue: CBN Branch Office, Daura Rd. Katsina, Katsina State. Mon, 11 May 2009 09:47:34 +0100 Date: 17th - 20th June, 2009<br> Venue: Benue Hotels, Makurdi, Benue State Mon, 11 May 2009 09:39:17 +0100 Transcorp Hilton, Abuja, Nigeria, May 07- 09, 2009 Wed, 6 May 2009 13:20:04 +0100 Date: Friday, May 8, 2009<br> Time: 2.00pm<br> Venue: National Mosque, Abuja Mon, 27 Apr 2009 19:19:45 +0100 Date: Friday, May 8, 2009<br> Time: 7.00pm<br> Venue: Sheraton Hotels and Towers, Abuja Mon, 27 Apr 2009 19:21:48 +0100 Date: Saturday, May 9, 2009<br> Time: 2.00pm<br> Venue: National Stadium, Lagos Mon, 27 Apr 2009 19:24:47 +0100 Date:Sun May 3, 2009 <br> Time: 10:00am - 12pm<br> Venue: National Christian Centre, Abuja. Wed, 18 Mar 2009 12:23:58 +0100 Date: Sunday, May 3, 2009.<br> Time: 3.00pm - 7.00pm<br> Venue: Transcorp Hilton, Abuja Fri, 27 Feb 2009 17:48:42 +0100 Date: Sunday, May 3, 2009<br> Time: 7.00pm - 8.30pm<br> Venue: Transcorp Hilton, Abuja Mon, 27 Apr 2009 19:06:34 +0100 Date: Monday, May 4, 2009<br> Time: 7.00am - 5.00pm<br> Venue: Transcorp Hilton, Abuja Mon, 27 Apr 2009 19:08:19 +0100 Date: Tuesday, May 5, 2009<br> Time: 9.00am - 5.00pm<br> Venue: Transcorp Hilton, Abuja Mon, 27 Apr 2009 19:09:46 +0100 Date: Wednesday, May 6, 2009<br> Time: 9.00am - 2.00pm<br> Venue: Transcorp Hilton, Abuja Mon, 27 Apr 2009 19:14:06 +0100 Date: Wednesday, May 6, 2009<br> Time: 3.30pm<br> Venue: CBN Head Office, Abuja Mon, 27 Apr 2009 19:16:11 +0100 Date: Wednesday, May 6, 2009<br> Time: 7.00pm<br> Venue: Transcorp Hilton, Abuja Mon, 27 Apr 2009 19:18:14 +0100 Jigawa State - Monday 16th March,2009.<br> Venue: Jigawa 3-Star Hotel, Dutse, Jigawa State.<br> Time: 9:00am.<br> Kano State - Tuesday 17th March,2009.<br> Venue: Royal Tropicana Hotel, Niger Street, Kano, Kano State.<br> Time: 9:00am. Tue, 17 Feb 2009 11:01:42 +0100 CBN Head Office, Abuja - Monday, February 9, 2009. Thu, 29 Jan 2009 09:33:24 +0100 Thursday, February 5, 2009. Main Auditorium, CBN Head Office, Central Business District, Abuja. Mon, 5 Jan 2009 08:34:59 +0100 January 22 - 23, 2009. Sheraton Hotel and Towers, Abuja http://www.cenbank.org/cbncommunity/events.asp Mon, 15 Dec 2008 15:39:27 +0100 December 17, 2008 - Minna, Niger State http://www.cenbank.org/cbncommunity/events.asp Mon, 15 Dec 2008 15:32:18 +0100 Thursday, December 11, 2008, Abuja. Mon, 24 Nov 2008 14:40:59 +0100 December 11-13, 2008, Asaba, Delta State. http://www.cenbank.org/cbncommunity/events.asp Thu, 20 Nov 2008 09:16:42 +0100 17th - 22nd Nov.2008, Abuja. http://www.cenbank.org/cbncommunity/events.asp Tue, 11 Nov 2008 09:09:20 +0100 10th to 15th November, 2008. Abeokuta, Lagos, Owerri and Kaduna Centres. Fri, 31 Oct 2008 11:24:32 +0100 15th Nov, 2008. CBN Main Auditorium, Head Office, Abuja. Mon, 27 Oct 2008 11:23:28 +0100 Lamonde Hotel, Jos, 31st Oct-1st Nov 2008. Thu, 16 Oct 2008 16:38:32 +0100 Protea Hotel, Nike Lake Resort, Enugu State,22nd-24th October, 2008. Mon, 13 Oct 2008 12:13:40 +0100 Protea Hotel, Lekki, Lagos, 3rd - 6th, November, 2008 http://www.cenbank.org/cbncommunity/events.asp Mon, 13 Oct 2008 10:15:51 +0100 Ochid Hotels, DBS Road, Asaba - 16th-17th October, 2008 http://www.cenbank.org/cbncommunity/events.asp Wed, 8 Oct 2008 09:15:14 +0100 Conference Hall, CBN, Abeokuta - 16th October, 2008 at 11.00am http://www.cenbank.org/cbncommunity/events.asp Wed, 8 Oct 2008 12:15:43 +0100 Tuesday, October, 7, 2008 meeting postponed. http://www.cenbank.org/cbncommunity/events.asp Fri, 19 Sep 2008 09:24:25 +0100 September 19, 2008, Lagos http://www.cenbank.org/cbncommunity/events.asp Fri, 19 Sep 2008 09:22:36 +0100 Eight Centres Nationwide - 1st to 13th September, 2008. http://www.cenbank.org/cbncommunity/events.asp Wed, 3 Sep 2008 17:21:43 +0100 Postponed to September 19, 2008, Lagos http://www.cenbank.org/cbncommunity/events.asp Wed, 3 Sep 2008 13:39:58 +0100 The Branch Controllers Conference scheduled for August 27 - 29, 2008, in Enugu has been postponed. A new date will be advised later. http://www.cenbank.org/cbncommunity/events.asp Fri, 29 Aug 2008 09:45:51 +0100 September 5, 2008, at Women Development Centre, Agege, Lagos, Lagos State. http://www.cenbank.org/cbncommunity/events.asp Wed, 27 Aug 2008 11:53:10 +0100 Theme: Global Competitiveness & The Nigerian Economy: The Way Forward, 26th - 28th August, 2008, Abuja Sheraton Hotel & Towers, Abuja. http://www.cenbank.org/cbncommunity/events.asp Tue, 26 Aug 2008 10:41:46 +0100 July 11 - 13, 2008 - Crest Hotel, Jos, Plateau State. http://www.cenbank.org/cbncommunity/events.asp Mon, 7 Jul 2008 10:34:53 +0100 Monday, June 2, 2008 - Abuja http://www.cenbank.org/cbncommunity/events.asp Tue, 27 May 2008 12:27:30 +0100 May 4 - 31, 2008 - Lagos, Lagos State http://www.cenbank.org/cbncommunity/events.asp Wed, 7 May 2008 09:11:32 +0100 May 15 - 24, 2008 - Lagos, Lagos State http://www.cenbank.org/cbncommunity/events.asp Wed, 7 May 2008 09:11:32 +0100 April 22, 2008 - Gombe, Gombe State http://www.cenbank.org/cbncommunity/events.asp Tue, 15 Apr 2008 11:20:00 +0100 April 23 - 25, 2008. Kano, Kano State. http://www.cenbank.org/cbncommunity/events.asp Tue, 15 Apr 2008 11:20:34 +0100 April 4, 2008 - Osogbo, Osun State http://www.cenbank.org/cbncommunity/events.asp Thu, 27 Mar 2008 12:02:33 +0100 7th - 13th April, 2008 - Lagos http://www.cenbank.org/cbncommunity/events.asp Thu, 3 Apr 2008 11:01:14 +0100 Tuesday 1st April, MPC Conference Room, 11th Floor CBN, Abuja http://www.cenbank.org/cbncommunity/events.asp Mon, 31 Mar 2008 09:22:40 +0100 April 22, 2008 - Gombe, Gombe State http://www.cenbank.org/cbncommunity/events.asp Thu, 27 Mar 2008 12:05:56 +0100 March 28, 2008 - Asaba, Delta State http://www.cenbank.org/cbncommunity/events.asp Mon, 10 Mar 2008 15:43:29 +0100 March 27, 2008 - Umuahia, Abia State http://www.cenbank.org/cbncommunity/events.asp Mon, 10 Mar 2008 15:43:29 +0100 In his address at the occassion, the CBN Governor, Prof. Chukwuma C. Soludo, CFR, justified the decision of the CBN Board about two years ago to establish the presence of Central Banks Branches in all the 36 states of the federation within the shortest possible time. <br><br> <IMG alt="Cutting of the tape" hspace=2 src="http://www.cenbank.org/RSS/images/lokoja.jpg" align=left border=1>The Central Bank of Nigeria Currency Centre in Lokoja has commenced full banking operations and services following the opening ceremony on Monday, March 10, 2008.<br><br> In his address at the occassion, the CBN Governor, Prof. Chukwuma C. Soludo, CFR, justified the decision of the CBN Board about two years ago to establish the presence of Central Banks Branches in all the 36 states of the federation within the shortest possible time.<br> <br> Accordingly, the Bank commenced with the building of branches in six states taking into cognizance the economic activities and the density of commercial bank branches located in the states in addition to geo-political spread as criteria for choosing the states to host the six new branches, the Governor stated.<br> <br> He added that in the case of Kogi State, vast land mass endowed with rich solid mineral resources, vibrant commercial activities and the presence of many commercial banks justified the location of the CBN Branch in the state capital. <br> <br> The Governor further stated that all services ranging from cheque clearing, cash deposit, revenue collection, funds transfer, banker to government and foreign exchange transactions among other services perform by regular CBN Branches are to be carried by the Currency Centre.<br> <br> Meanwhile, Prof. Soludo has enjoined the people of the state on the imperative of proper handling of currency notes in line with the clean notes policy of the Bank. He also reminded the people of penalties of six months imprisonment or Fifty Thousand Naira fine or both which await those who flout the law. He debunked the believe in certain quarters that spraying and trampling on Naira notes at ceremonies as being cultural, noting that such practices were not only undesirable in terms of health risks and cost of printing but also anti-social and therefore, should be discarded.<br> <br> On Microfinance, the Governor challenged the elites to take decisive steps towards poverty alleviation by mobilizing their various communities to establish microfinance banks so as to harness opportunities offered by the microfinance bank policy rather than being habitual complainants. <br> <br> The state Acting Governor, Chief Clarence Olafemi, JP, while receiving the CBN Governor and his entourage at the Government House, paid a glowing tribute to the CBN Governor and Management on the achievements recorded in the banking sector in the last few years. <br> <br> Chief Olafemi who was visibly happy therefore, seized the opportunity to call on the people of the state to strive to graduate from being mere petty traders to more enterprising business ventures so as to avail themselves of maximum opportunities to be offered by the presence of CBN Branch in the state.<br> <br> The acting Governor, who was represented at the ceremony by Dr. Steve Olorunfemi, Commissioner for Commerce and Industry promised to support the Bank in whatever way possible so as to ensure hitch free operations in the state. <br> <br> He further declared that arrangements are being made to adequately compensate the owners of the land acquired for the CBN permanent site building.<br> <br> Earlier in his welcome address, Alhaji Sulaiman Barau, Deputy Governor, Operations hinted that the desire to establish CBN Branches in all the states of the federation was to bring central banking services closer to the people hence the decision to open currency centres in earnest while the construction works on the permanent buildings are in progress. <br> <br> The opening ceremony was graced all the Deputy Governors, Board Members and Directors of CBN, prominent indigenes of the State and traditional rulers including Arch. Gabriel Aduku, Honourable Minister of State for Health, Hon. Ihembe Positive, Senator Tunde Ogbeha, and Dr. Godwin T. Ajakpo, Galadiman Lokoja among others. http://www.cenbank.org/cbncommunity/events.asp Wed, 12 Mar 2008 11:08:16 +0100 Tuesday, February 12, 2008,<br> Sheraton Hotel & Towers, Abuja http://www.cenbank.org/cbncommunity/events.asp Thu, 7 Feb 2008 15:02:53 +0100 -Time is 1pm prompt. http://www.cenbank.org/cbncommunity/events.asp Wed, 9 Jan 2008 19:14:32 +0100 CBN Lagos on Friday 11th Jan, 2008 http://www.cenbank.org/cbncommunity/events.asp Wed, 9 Jan 2008 19:14:32 +0100 The 2nd International Microfinance Conference and Annual Microfinance/ Entrepreneurship Awards with the theme "Improving Access to Microfinance" organized by the Central Bank of Nigeria took place at the Sheraton Hotel & Towers, Abuja from 17th to 18th January 2008. <br> <br> The conference attracted 1,943 participants which included State Governors, Honourable Ministers, members of the National Assembly, microfinance banks, deposit money banks, development finance, insurance and multilateral institutions, regional organizations, federal and state ministries and parastatals, the academia, non-governmental organizations and micro, small, medium and entrepreneurs (MSMEs). <br> <br> The key note address was presented by the Governor of the Central Bank of Nigeria, Professor Chukwuma C. Soludo (CFR), while the welcome address was presented by the Deputy Governor, Financial Sector Surveillance, Central Bank of Nigeria, Mr. Tunde Lemo. Goodwill messages were also delivered by Ms. Nandazi Mbita Mary, Secretary General, Africa Rural and Agricultural Credit Association (AFRACA) and Ms. Petra Jacobi, Deputy Country Representative, German Technical Aid Agency (GTZ).<br> <br> The conference was declared open by the President of the Federal Republic of Nigeria, His Excellency, Alhaji Umaru Musa Yar'Adua (GCFR) who was ably represented by the Honourable Minister for Finance, Dr. Shamsudeen Usman (OFR).<br> <br> <a href="http://www.cenbank.org/out/publications/pressrelease/gov/2008/microfinance%20presentations.zip">Papers presented at the event can be downloaded here on the CBN site</a> http://172.24.90.101:81/out/publications/pressrelease/gov/2008/microfinance%20presentations.zip Tue, 22 Jan 2008 19:20:03 +0100 CBN Head Quarters, Abuja, Nigeria. 4th December 2007 /out/publications/reports/dfd/2007/microfinanceconference.pdf Mon, 9 Jul 2007 11:17:46 +0100 Robans Hotel, Enugu, Nigeria. 26th - 30th November 2007 Mon, 26 Nov 2007 11:15:48 +0100 Kano - Tahir Guest Inn, 6th Nov 2007<br> <font color="#FFFFFF">.........</font>Owerri - Imo Concord Hotel, 13th Nov 2007<br> <font color="#FFFFFF">.........</font>Lagos - The Lagoon Waterfront Restaurant, 20th Nov 2007<br> <font color="#FFFFFF">.........</font>Akure - Owena Hotel, 27th Nov 2007 http://www.cenbank.org/OUT/CIRCULARS/CSD/2007/TED%20PRESS%20RELEASE.PDF Mon, 9 Jul 2007 11:17:46 +0100 CBN Main Auditorium, Abuja.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wednesday 24th - Friday 26th October, 2007.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Participants <a href="http://www.cenbank.org/webconf2007/">click here to register</a> - Mon, 9 Jul 2007 11:17:46 +0100 Jos, Plateau State Capital, Nigeria. 21st to 22nd August, 2007. Mon, 20 Aug 2007 16:33:32 +0100 Katsina, 27th July 2007 Thu, 28 Jun 2007 12:56:46 +0100 Hamdala Hotel, Kaduna - June 29-30, 2007 Tue, 3 Apr 2007 10:51:53 +0100 President Umaru Yar' Adua has once more repeated that his commitment to build a strong and virile economy remains the single priority of his administration. He reiterated that emphasis is being placed on rebuilding the infrastructure especially power and transportation, transparency in governance and to achieve stable prices in the economy. <br> &#9;<br> The president stated this Monday June 18, 2007 at the Transcorp Hilton Hotel Abuja, while declaring open the International Conference on the Financial System Strategy 2020 codenamed FSS 2020. <br> <br> The President thanked members of the FSS2020 Steering Committee for their effort in putting together the International Conference aimed at rubbing mind with financial experts from other parts of the world to formulate strategies towards orchestrating an integrated and sound financial system in Nigeria.<br> <br> Earlier in his welcome address, the Chief Host, the Central Bank of Nigeria (CBN) Governor, Prof. Chukwuma C. Soludo thanked Mr. President for finding time out of his busy schedule to grace the occasion. <br> <br> The CBN Governor also welcomed members of the Diplomatic Corp and other experts from Nigeria and various parts of the globe. He also thanked the World Bank and the International monetary Fund (IMF) for their useful contributions in the formulation of the strategy. <br> He reminded participants that the International Conference is the outcome of the dream conceived in June 2006, which led to the inauguration of the FSS 2020 Steering Committee in August 2006. <br> <br> He took participants through the memory lane regarding the Goldman Sach's published research which predicted Nigeria to be among the top 20 largest economy in the world by the year 2025.<br> <br> The CBN Chief went further to say that given the size and enormous potentials of the Nigerian economy, with a deliberate engineering of an integrated sound financial system that is consistent with the internal economic fundamentals, Nigeria can achieve the goal in a shorter time by the year 2020.<br> <br> Prof. Soludo urged visitors from other countries and other participants to feel free and enjoy the comfort of Abuja.<br> Tue, 3 Apr 2007 10:51:53 +0100 Confluence Hotel, Lokoja. 10th - 11th Oct 2007 Mon, 9 Jul 2007 11:17:46 +0100 Hamdala Hotel, Kaduna. 11th June, 2007 Tue, 3 Apr 2007 10:51:53 +0100 18th - 26th May 2007 Tue, 3 Apr 2007 10:51:53 +0100 9th - 10th March Thu, 8 Mar 2007 09:54:17 +0100 9th March, 2007 Thu, 8 Mar 2007 09:53:05 +0100 Abuja, Nigeria. 28th Februray, 2007 Thu, 28 Dec 2006 09:20:04 +0100 Gateway Hotels, Abeokuta, 14th to 16th February, 2007 Thu, 28 Dec 2006 09:18:53 +0100 Sheraton Hotel and Towers, Abuja. December 14 - 15, 2006 Thu, 23 Nov 2006 17:55:33 +0100 Nigeria Institute of International Affairs Lagos. Dec,12, 2006 Mon, 11 Dec 2006 09:10:40 +0100 Tahir Guest Palace Kano November 29 - 30, 2006 Thu, 23 Nov 2006 17:51:20 +0100 <IMG alt="Prof. Charles C. Soludo" hspace=0 src="http://www.cenbank.org/RSS/images/oilrevenue.jpg" align=right border=0>The Governor, Central Bank of Nigeria (CBN), Prof. Chukwuma C. Soludo called for Constitutional amendment relating to sections dealing with the distribution of oil revenue, if proceeds derived from oil and other natural resources are to be prudently managed. <br> <br> Prof. Soludo made this call Saturday, December 2, 2006 in Abuja at the CBN Operations Directorate quarterly Seminar. According him, "more fundamental question for a country estimated to have earned about $300 billion from oil revenue is; how do we manage the external reserves in an environment of wasting resources without being affected by Dutch disease?"<br> <br> Delivering the keynote address, Prof. Soludo acknowledged that the theme of the seminar; "Effective Management of External Reserves" was quite timely, given the gross display of ignorance among the people especially among those who ought to know better, as to why nations keep external reserves. <br> <br> Probing further, he asked, "Should we spend earnings from depletable resource like oil on present consumption or do we reserve some for future generations?" He queried the constitutional provision which subscribes for distribution of revenue earned into the Federation Account to constituent governments. <br> <br> He explained that a substantial part of the external reserves, which the State Governors suggested to be distributed, was already spent because the CBN issued domestic currency (Naira) to various levels of government in return for the dollar denominated revenue, and kept the dollar as a backing for the Naira currency issued out to them. Thus, for the Governors to turn round to ask the CBN to distribute the dollar holding in the external reserves would amount to one eating his cake and wishing to have it back. <br> <br> Citing a recent publication from Prof. Joseph Stiglizt, the CBN Governor proffered that substantial part of the external reserves should be devoted to build medium to long-term capacity for future generations in area such as education, healthcare delivery, infrastructure and non-inflationary productive ventures such as the recent railway project with potential to transform the society.<br> <br> Earlier in a welcome address, the Deputy Governor, Operations, Dr. Shamsudeen Usman, reiterated the need for adequate education of the public, more so, given the debate as to what constitute an external reserves and what it's meant for. According to him, it was envisaged that through the seminar answers would have been provided on the vexed issue of why building up the external reserves in the face of poverty in the land. <br> <br> Facilitators were drawn from a broad spectrum of international finance institutions, such as Jennifer Johnson-Calari and Rachid Ghozali both of the World Bank, Dr. Karsten von Kleist of The Bank for International Settlements, Basle Switzerland and the CBN Director of Foreign Operations, Mr. Muhammad Nda.<br> <br> The seminar, which drew a large number of participants mostly from among the executives and senior staff of the CBN also, had in attendance participants from the deposit money banks. Prof. Sam Olofin and Mr. Joshua Omuya both board members of the CBN were in attendance. Other dignitaries present were Jim Ovia, MD/CEO, Zenith Bank Plc, Mr. Ajakigbe, MD/CEO, First Bank of Nigeria Plc and Mr. Reginald Ihejiahi, MD/CEO, Fidelity Bank Plc. Thu, 23 Nov 2006 17:51:20 +0100 Abeokuta Branch, 9th - 12th November 2006 Thu, 2 Nov 2006 16:26:31 +0100 <IMG alt="Prof. Charles C. Soludo" hspace=0 src="http://www.cenbank.org/RSS/images/soludo.jpg" align=right border=0>The Governor of the Central Bank of Nigeria, <a href="http://www.cenbank.org/AboutCBN/TheBoard.asp?Name=Prof%2E+Charles+C%2E+Soludo&Biodata=soludo"&gt;Professor Charles Soludo</a>, from 9th November 2006, continued his campaign across the world on Nigeria's economic reform as he addressed conferences in Nairobi, Kenya, and the University of Pennsylvania, Philadelphia, United States, where he was the keynote speaker at the <a href="http://www.whartonglobal.com/africa/index.asp">2006 Wharton African Business Forum</a> of the University. <a href="http://www.cenbank.org/out/publications/reports/gov/2006/ev8-11-06.pdf">Click here for more</a>. Thu, 2 Nov 2006 16:26:19 +0100 Gateway Hotel Abeokuta, 30th Oct. - 2nd Nov. 2006 Mon, 30 Oct 2006 11:18:17 +0100 To be held in Bauchi, from 16th - 20th October, 2006 Tue, 10 Oct 2006 18:15:55 +0100 The Governor, Central Bank of Nigeria, Professor Charles C. Soludo said that given the recent banking sector consolidation and the attendant size of the new banks, corporate governance has become a big issue among operators in the Nigerian financial system. The Governor who was represented by the Deputy Governor (Operations), Dr. Shamsuddeen Usman stated this while declaring open the 3rd Conference of Regulators and External Auditors of Financial Institutions in Nigeria. He urged participants to use the period of the conference to deliberate extensively on the issues arising from the consolidation efforts, with a view to creating a more sustainable development of the economy.<br> <br> Delivering a goodwill message, the President, Institute of Chartered Accountants of Nigeria (ICAN) Dr. (Mrs.)C.G. Okpareke commended the value-driven initiative of the CBN in organizing the conference with a view to beaming the searchlight on post consolidation challenges and sustaining in the long term, the interest of all stakeholders in the financial sector. Dr. C. G. Okpareke added that the conference is expected to have a profound positive impact on, not only the participating External Auditors and the quality of reporting but also on the ability of the Regulators to discharge effectively, their statutory duties, particularly in this post consolidation era.<br> <br> The conference with the theme, "Financial Sector Consolidation: Emerging Issues for Regulators, Auditors and Operators'' is holding at the CBN auditorium from Monday 30th- Tuesday 31st October, 2006.<br> <br> The following topics are slated for discussion during the conference:<br> - Financial Reporting in a Multi Regulated Conglomerate.<br> - Consolidation in Nigeria: Local and Global Opportunities.<br> - Consolidated Approach to Supervision in a Multi Regulated Environment.<br> - The Prospects and Challenges of Micro Finance in an Emerging Economy.<br> - Enhancing Global Acceptability of Nigerian Banks by Effective Financial Crime Prevention and Control (EFCC).<br> Tue, 17 Oct 2006 11:18:11 +0100 <IMG alt="Prof. Soludo giving his welcome remarks" hspace=2 src="http://www.cenbank.org/RSS/images/11mpc.gif" align=right vspace=2 border=0>The Governor, Central Bank of Nigeria (CBN), <a href="http://www.cenbank.org/AboutCBN/Thelist.asp">Prof. Charles C. Soludo</a> has once more reiterated the need to refocus on price stability as the pre-eminent function of the CBN, more so given the recent massive consolidation of the<br> banking sector.<br> <br> The Governor made this known at the 11th Monetary Policy Forum, which took place at the Corporate Headquarters, Abuja. According to him, the era when the CBN was overwhelmed by regulatory and <u><a>supervisory functions<br> </u></a>was over, noting that such roles are only tangential. Prof. Soludo explained that low and stable inflation, in addition to a robust financial system are essential ingredients for the conduct effective monetary policy. He noted that in an economy where more that 70% of the loan able funds with <a href="http://www.cenbank.org/Supervision/finstitutions.asp#Deposit">deposit money banks</a> are made up of short term fund ranging<br> tenor from 30 to 90 days tenure; banks will be unwilling to fund long term investment.<br> <br> Earlier in his welcome remarks, the Deputy Governor, Economic Policy, <a href="http://www.cenbank.org/AboutCBN/Thelist.asp">Dr. Obadiah Mailafia</a>, welcomed participants and stated that the occasion was to rub minds with stakeholders and to explore strategies that would help further<br> deepen and take the Nigerian financial system to a greater height. In a lead paper titled "Achieving Credibility of Monetary Policy in Nigeria, Issues, and Challenges", Stephen Swaray, of the <a href="http://www.imf.org/">International Monetary Fund (IMF),</a> canvassed that the sole function of the Central Bank should be price stability, which is executed through the control of high-powered<br> money. <br> <br> According to Swaray, credibility reflects the private sector perception that the Central Bank would do what is expected to keep the price level stable. He stated that the mere fact that people believe that the Central Bank would fight inflation, makes stabilization process easier. Further more, he reiterated that credibility is important because it helps to stimulate production in the economy.<br> <br> Prof. Ademola Ariyo of the University of Ibadan, in a paper titled "Liquidity Management under Expectations of Fiscal Dominance", which was presented by the CBN Director, Currency and Branch Operations, Mr. Ben<br> C. Onyido, espoused that fiscal dominance is harmful to the economy. He cited examples of strategies deployed by other countries such as Pakistan, India and Chile to fight fiscal dominance. These range from sterilization of<br> government spending, to inflation targeting, discontinuation of central bank financing of government spending and elongation of maturity period of public debt instruments.<br> <br> Prof. Ariyo emphasized that the key to liquidity management lies in the coordination between monetary and fiscal operations to achieve macroeconomic objectives. In his comment, a <a href="http://www.cenbank.org/AboutCBN/Thelist.asp">CBN board member</a>, <a href="http://www.cenbank.org/AboutCBN/Thelist.asp">Prof. Olofin</a> cautioned that in pursuing the sole function of price stability, care should be taken not to box ourselves in a corner, given the developmental need of a Less Developed Economy (LDC) as Nigeria. According to Mallam, Modibo, communication remains vital, and advised the CBN to create a forum to educate State Governors, Commissioners and Local Government Officials on why low and stable inflation is good for everyone and the economy at large.<br> <br> The Managing Director, <a href="http://www.oceanicbanknigeria.com/">Oceanic Bank Plc, Dr. Cecilia Ibru</a> urged for better communication that incorporates the informal sector of the economy. According to her, there is need to broaden the participation and erase the gap<br> between policy makers and operators in the informal sector in order to do away with the attitude of 'they' and the rest of 'us'. <br> <br> In conclusion, there is the consensus that if price stability is solved first, every other thing can fall into place.<br> The Forum, which had as its broad theme "Monetary Policy After Banking Consolidation", had in attendance eminent personalities from multilateral financial institutions, the academia, and key operators in the Nigerian financial system, as well as Board members, Deputy Governors and Directors of the CBN. Tue, 17 Oct 2006 14:55:47 +0100 <IMG alt="Mr. President Laying the foundation stone" hspace=2 src="http://www.cenbank.org/RSS/images/awkafoundation.gif" align=right vspace=2 border=0>The President, Chief Olusegun Obasanjo has commended the Governor, Board and Management of the Central Bank of Nigeria (CBN), for taking the services of Central Banking closer to economic agents in all parts of the Federation. President Obasanjo stated this over the weekend while performing the foundation laying ceremony of the CBN branch building at Awka, Anambra State.<br> He further expressed joy that with the establishment of Awka Branch of CBN, services such as <a href="http://www.cenbank.org/devfin/acgsf.asp">Agricultural Credit Guarantee Scheme (ACGS</a>) and <a href="http://www.cenbank.org/Devfin/Microfinance.asp">Microfinance services</a> will be of immense benefits to a mercantile State like Anambra with high concentration of small and medium enterprises. <br> This development, according to President Obasanjo would go along way to provide employment and promote economic growth, thereby reducing poverty among the citizens.<br> He urged for cooperation between the State Government and various agencies of the Federal Government especially in the area of setting up structures for implementing the State Economic Empowerment and Development Strategy (SEEDS).<br> Earlier in his welcome address, the Governor, Central Bank of Nigeria, (CBN), Prof. Charles Soludo, expressed gratitude to the President for finding time out of his busy schedule to perform the foundation laying ceremony. Prof. Soludo stated that establishing branches in all states of the Federation is in continuation of the financial sector reforms; by strengthening the<br> payment system, deepening the nation's financial system, all in pursuance of the vision to make Nigeria the financial hub of Africa.<br> The reforms according to Prof. Soludo, has thrown up challenges, one of which is the need to establish <a href="http://www.cenbank.org/AboutCBN/Branch.asp">CBN branches</a> and currency centres in various parts of the Federation. He stated that it is the desire of the Bank, on a phased basis, to establish branch offices in Awka, Asaba, Gombe, Lokoja, Oshogbo and Umuahia. When completed, the CBN would have fully established its presence in 28 States of the Federation.<br> The CBN Governor informed the public that the choice of location for branches under the current expansion programme is based on a set of transparent and objective criteria developed by the Board of Directors of the Bank. These are the systematic and even spread of CBN presence across the geopolitical zones of the country and the response to economic need as measured by the number of commercial bank branches in a State.<br> According to Prof. Soludo, Awka branch was a clear case of economic need. There was no lobby for it. This is supported by the fact that apart from Lagos State with 943 bank branches, followed by the Federal Capital Territory and Rivers State with 164 and 161 bank braches respectively, Anambra State is the fourth, with 149 bank branches, as at the end of<br> September, 2006. http://www.cenbank.org/out/publications/reports/gov/2006/ev16-10-06.pdf Tue, 10 Oct 2006 18:08:30 +0100 To be held in Lagos, on 13/10/2006 at the CBN Bankers Committee Room Wed, 4 Oct 2006 17:21:51 +0100 To be held in Makurdi, Benue State on 4th - 5th October, 2006 http://www.cenbank.org/devfin/acgsf.asp Tue, 3 Oct 2006 10:00:14 +0100 In continuation of the sensitization and enlightenment campaigns on the Central Bank of Nigeria's development finance products, schemes and programmes, the Bank will, in collaboration with the National Youth Service Corps carry out an enlightenment campaign on Wednesday, 13th September, 2006 at the various state NYSC orientation camps nation-wide.<br> <br> The purpose of the programme is to avail the corps members the opportunity to identify various enterprises in which they can engage themselves after the service year, and the sources of obtaining financial support and services for such projects. During the programme, papers will be presented, discussions held and literature materials distributed.<br> http://www.cenbank.org/devfin/ Tue, 12 Sep 2006 14:22:36 +0100 Was held in Lagos on Friday 8th Sept, 2006 http://www.cenbank.org/cbncommunity/events.asp Tue, 5 Sep 2006 17:49:43 +0100 Was held in Lagos on Friday 8th Sept, 2006 http://www.cenbank.org/cbncommunity/events.asp Tue, 5 Sep 2006 17:49:43 +0100 The 8th edition of the CBN seminar for Finance Correspondents and Business Editors was held at the Crystal Garden Hotel, Kaduna from 28th &#194;&#150; 30th August, 2006. The seminar with the theme &#194;&#147;The Dynamics of Exchange Rate Management in Nigeria was declared open by the Governor, Prof. Charles C. Soludo represented by the DG Economic Policy, Dr. Obadiah Mailafia. In the keynote address, the Governor among other things stated that the financial sector reform polices pursued by CBN were designed to achieve a strong and reliable banking sector with the ultimate objective of achieving price stability (inflation, interest & exchange rates), economic growth, high employment, financial market stability and balance of payments viability. &lt;br> <br> Nine papers were presented at the seminar by facilitators from the Bank, private and international organizations. Some of the papers presented include Overview of Exchange Rate Management in Nigeria from 1986 to date; Exchange Rate Stability and Poverty Reduction in Nigeria; The challenges of Exchange Rate Volatility in Economic Management; etc. The seminar which was well organized was attended by more than 80 journalists from both electronic and print media across the country. http://www.cenbank.org/cbncommunity/events.asp Tue, 5 Sep 2006 17:47:41 +0100 <IMG style="WIDTH: 154px; HEIGHT: 116px" alt="The Director of Banking Supervision Mr. Imala, speaking at the meeting" hspace=2 src="http://www.cenbank.org/RSS/images/286cog.png" align=right vspace=2 border=0>The 286th meeting of the Bankers' Committee was held at the Central Bank's Headquarters, in Abuja, on Tuesday, August 8, 2006. The meeting which had in attendance, the CEOs' of deposit money banks was presided over by the CBN Governor, Professor Charles C. Soludo http://www.cenbank.org/cbncommunity/events.asp The maiden meeting of the National Microfinance Policy Consultative Committee held on Thursday 1st June, 2006 at the Deputy Governor's Meeting Room, 10th Floor, Wing D, Central Bank Corporate Headquarters, Central business District, Abuja at 3.00pm prompt. Fri, 25 Aug 2006 19:15:38 +0100