Disclose any payment to local govts, explain why Rivers councils are paid, SERAP tells CBN
Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso to “immediately disclose whether the bank has commenced the direct disbursement of allocations to the 774 local government councils in Nigeria from the Federation Account with the CBN and to widely publish the amounts, if any, so far directly sent to each of the councils.”
CBN’s reforms are attracting more foreign investors, says global, Nigerian analysts
Major financial analysts across the global have expressed optimism that Nigeria’s investment climate has significantly improved, paving way for foreign investors swooping on Nigeria assets.
Alleged $6.3m Fraud: Court defers trial of 3 CBN officials till Nov 3
The Federal High Court sitting in Abuja, on Thursday, fixed November 3 for the arraignment of three staff members of the Central Bank of Nigeria, CBN, that allegedly defrauded the Federal Government to the tune of $6.3million.
CBN and Nigeria’s economic challenges
By ARIZE NWOBU Economy is the life wire of a people and it is about the allocation of scarce resources for production, distribution and consumption for the fulfilment of the needs of the people. And the financial system is the dynamo which drives the economy by allocating investible funds from surplus ends to deficit ends for […]
CBN frustrating Ways and Means probe – Senate
THE Senate has raised the alarm that the Central Bank of Nigeria (CBN) was frustrating its efforts at unravelling how the Ways and Means loans granted to the federal government
CBN directs banks to publish dormant accounts
The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to publish the list of dormant accounts, unclaimed balances and other financial assets.
