The Central Bank of Nigeria (CBN) yesterday said it has suspended some key personal involved in a fraudulent transaction uncovered by the management.

GOVERNOR Ifeanyi Okowa of Delta State has said that with the effect of the fall in oil prices on the nation, it was imperative for the country to diversify its sources of revenue, just as he urged the Central Bank of Nigeria, CBN, to be involved in entrepreneurial development.

UNIDENTIFIED gunmen, yesterday, kidnapped 91-year-old retired Director, Foreign Operations, Central Bank of Nigeria, CBN, Chief Joseph Ogedegbe at St. Michael’s Anglican Church, Emevor, Isoko North Local Government Area, Delta State.

The Central Bank of Nigeria, CBN, has refused to bow to the pressure to devaluate the Naira, as it announced, Tuesday, its decision to retain the Monetary Policy Rate, MPR at 11 per cent. It has an asymmetric corridor of +200 and -700 basis points.

Payments of salaries and wages as well as payments and deposits for self-to-self transactions whether inter or intra bank are exempted from the N50 stamp duty policy, the Central Bank (CBN) has said.

A former Governor of the Central Bank of Nigeria, Professor Charles Soludo, has accused former President Goodluck Jonathan of running the apex bank during his presidency the way former Ugandan President, Idi Amin, ran his country.

LAGOS — The Central Bank of Nigeria, CBN, has stopped, with immediate effect, the sale of foreign exchange, forex, to Bureaux de Change, BDCs, as part of measures to reduce the pressure on the nation’s foreign reserves.

The Central Bank of Nigeria (CBN) has given assurance to Dangote Group that it will support it access Foreign Exchange, Forex to build its proposed $14 billion refinery in the country.

Consequent upon pressures and the open admonition by Senate President Bukola Saraki, and made more intense by the Managing Director of the International Monetary Fund, IMF, Ms Christine Lagarde, the Central Bank of Nigeria, CBN, may relax its policy on forex this week.

ABUJA—The Central Bank of Nigeria, CBN, is now to allocate foreign exchange to end-users, with priority given to matured Letters of Credit, importation of petroleum products, raw materials and machinery. This is in a bid to effectively manage the nation’s depleted foreign reserves.

The Central Bank of Nigeria, CBN, has promised that it would not hesitate to apply appropriate sanctions against banks that flout laid down regulations and international best practices.

THE Manufacturers Association of Nigeria, MAN, has charged the Central Bank of Nigeria, CBN, to stop funding the Bureau de change market.

The article last week on Electronic Dividend Mandate Management System (e-DMMS) portal introduced by the Securities and Exchange Commission (SEC) generated reactions from our readers. There were two major revelations from these reactions.

The Central Bank of Nigeria, CBN and the Lagos State Government yesterday unveiled special funds to be disbursed as cheap loans to graduates.

Senate investigation into the alleged N25 billion Treasury Single Account (TSA) has taken a different turn with the Central Bank of Nigeria (CBN) and the Office of the Accountant General of the Federation (OAGF) trading blames.