Recapitalization: What will happen to bank consumers after March 31 deadline – Ogunbunka
The president of the Bank Customers’ Association of Nigeria, Uju Ogunbunka, has reassured Nigerians that bank customers have nothing to fear as the recapitalization deadline set by the Central Bank of Nigeria approaches. Speaking during an interview, he said depositors’ funds remain safe even if some banks fail to meet the new capital requirements. Ogunbunka […]
President Trump fires Fed Reserve gov, Lisa Cook, over mortgage allegations
US President Donald Trump has ordered Federal Reserve Governor Lisa Cook to be removed after unproven allegations of mortgage fraud, a surprising move that has raised concerns about the independence of the central bank. The claims were made last week by Bill Pulte, director of the Federal Housing Finance Agency, who said that Professor Cook […]