N8bn CBN scam: Court dismisses defendant’s objection to EFCC evidence
Justice Nathaniel Ayo-Emmanuel of the Federal High Court, Ibadan, on Tuesday dismissed the objection raised by the second defendant, Muniru Olaniran, in the N8 billion CBN currency scam case.
ELECTORAL MATERIALS: Ekiti Police deploy more personnel to CBN
THE Ekiti State police command, yesterday, assured of a water-tight security around the Central Bank of Nigeria, CBN, Ado Ekiti branch where sensitive election materials retrieved following the postponement of elections, last Saturday, are deposited.
Election Postponement: Army, Police Cordon CBN, INEC office in Port Harcourt
HOURS after Independent National Electoral Commission, INEC, officially postponed Saturday’s elections, the commission’s office in Port Harcourt and that of the Central Bank of Nigeria, CBN, remain cordoned by heavy joint military and police teams.
IFRS9: CBN relaxes implementation of rules for bad loans
THE Central Bank of Nigeria (CBN) has relaxed the time limit for commercial banks to absorb impairments from implementation of IFRS9 rules on bad loans.
Where is $7bn CBN placed with 14 Banks?
THE subject of the narrative, in this column, last week, was the $7bn which Festus Odoko, former CBN Corporate Affairs Director, confirmed had been deposited with 14 Nigerian banks in October 2006. It is not clear how many banks, actually, succeeded in raising the mandatory capital base of N25bn, and the additional N35bn steep threshold, required to manage part of Nigeria’s foreign reserves; nevertheless, on hindsight, CBN may have quietly dropped this clearly ambitious requirement, so as to pursue its declared agenda.
CBN to combat N1.6trn excess liquidity in February amidst rising business confidence
THE Central Bank of Nigeria, CBN, is set to intensify its liquidity mop up efforts to deal with excess liquidity of N1.6 trillion expected in the interbank money market this month, amidst rising business confidence over improved macroeconomic conditions during the month.
