Court orders interim forfeiture of $376,120 traced to Army Chief, Otiki
By Ikechukwu Nnochiri – Abuja The Abuja Division of the Federal High Court, on Wednesday, ordered the interim forfeiture of the sum of $376, 120 allegedly seized from Major General Hakeem Otiki, to the Federal Government. The order followed an ex-parte motion marked FHC/ABJ/CS/1380/20, which the Economic and Financial Crimes Commission, EFCC, brought before the […]
CBN slashes electronic transfer, ATM withdrawal charges
By Babajide Komoloafe The Central Bank of Nigeria (CBN) has reviewed downward electronic transfer and ATM fees as well as card maintenance fees. The new charges were contained in the latest Guide to Charges by Banks and Other Financial Institutions just released by the CBN According to the CBN, bank customers will now pay N10 […]
NGO, CBN inaugurate 10,000 hectares oil-palm plantation in Kogi
An Agro-based Non-Governmental Organisation, Stocks and Minas Agricultural Advocacy Network Africa (SMAANA) in collaboration with the Central Bank of Nigeria (CBN) on Saturday inaugurated a 10,000 hectares oil-palm plantation in Kogi. Mr Joseph Idoko, President of the NGO while inaugurating the plantation in Amaka, Igala-Mela/Odolu Local Government Area of the state, said the initiative was […]
Expert urges CBN to enhance domestic capacity to hedge inflation
An economist, Mr Moses Igbrude, has advised the Central Bank of Nigeria (CBN) to enhance domestic capacity to hedge the rising inflation.
CBN threatens to suspend bank accounts of palm oil smugglers
The Central Bank of Nigeria (CBN) has threatened to suspend accounts of corporate entities and supply chain enablers involved in smuggling palm oil and its products into the country.
Nigeria’s skewed housing programme worries CBN
Central Bank of Nigeria, CBN, has expressed worry on how housing projects in the country favour the upper class alone; leaving the lower class that it said has more need for shelter in desolation. The apex bank is also worried that whereas there is a burgeoning demand for affordable housing in Nigeria, the existing intervention […]
