#EndSARS campaigners tackle CBN in court, seek unfreezing of accounts
Allege denial of fair hearing, abuse of judicial process By Ikechukwu Nnochiri – Abuja Fourteen out of the twenty alleged #EndSARS promoters that the Central Bank of Nigeria, CBN, secured an order to freeze their bank accounts, on Thursday, approached the Federal High Court in Abuja to set-aside the order. In a motion they filed […]
CBN to sanction exports without Export Proceeds Number
The Central Bank of Nigeria, CBN, has threatened to sanction exporters who ship out goods without Nigerian Export Proceeds (NXP) numbers.
CBN tasks airlines, shipping companies over adherence to export regulations
This is contained in a warning circular by Dr Ozoemena Nnaji, CBN’s Director, Trade and Exchange Department made available to News Agency of Nigeria (NAN) on Wednesday. Nnaji advised that strict compliance with those regulations had become mandatory to improve the Nigerian export sector. “The CBN has observed with dismay, the noncompliance by shipping and […]
CBN directs banks to comply with SWIFT universal payment confirmations
The Central Bank of Nigeria (CBN), has directed all banks operating in the country to always observe strict compliance with SWIFT Universal Confirmation Requirements. The directive was outlined in a circular issued by Mr Sam Okojere, CBN’s Director, Banking Services Department. Okojere directed all SWIFT customers to provide information on the outcome of all their […]
CBN directs banks to comply with SWIFT universal payment confirmations
The Central Bank of Nigeria (CBN), has directed all banks operating in the country to always observe strict compliance with SWIFT Universal Confirmation Requirements. The directive was outlined in a circular issued by Mr Sam Okojere, CBN’s Director, Banking Services Department. Okojere directed all SWIFT customers to provide information on the outcome of all their […]
CBN disowns fraudulent loan, investment offers via SMS
By yinka Kolawole The Central Bank of Nigeria (CBN) has dissociated itself from fraudulent messages and videos on social media requesting loan seekers and small business owners to apply for loans purportedly facilitated by the bank. In a statement of disclaimer signed by Acting Director, Corporate Communications, CBN, Osita Nwanisobi, Titled, “Beware of Fraudulent Loan […]
