Algerian Central Bank Governor Fired Following Oil Price Drop
Wednesday, 1st June 2016
After more than a decade as Algeria's Central Bank Governor, Mohammed Laksaci has been fired by President Abdelaziz Bouteflika apparently over his management of fall-out from the 2014-2015 global oil price drop.
Nigerian Central Bank Calls for Tough Measures Due to Oil Prices
Sunday, 26th April 2015
Nigeria's central bank ordered banks on Friday to crack down on borrowers with non-performing loans (NPLs) in a move aimed at avoiding a repeat of a 2009 industry bailout that cost the government $4 billion.
Saudi Calls for Energy Subsidies Reform
Monday, 9th February 2015
Saudi Arabia's central bank governor called for reforms to the country's lavish system of energy and water subsidies, which drain billions of dollars from the state budget and encourage waste by keeping down prices for consumers.