CBN revokes another bank’s licence
The Central Bank of Nigeria, CBN, Tuesay, said it has revoked the licence of Garu Microfinance Bank, a microfinance institution in Bauchi state.
CBN works out more strategies to lift farmers from poverty
The Central Bank of Nigeria (CBN) on Monday gave indications that more strategies aimed at uplifting rural farmers from poverty would be designed as part of its corporate social responsibility to the society.
Apprehension over cost of funds as CBN revs up liquidity mop up
The interbank money market is enveloped by apprehension over direction of cost of funds this week following the resurgence of liquidity mop by the CBN last week which occasioned the first weekly decline in cost of funds in four weeks.
NCC, ALTON seek out of court solution to MTN, CBN dispute
Information and Communications Technology, ICT industry stakeholders, Nigerian Communications Commission, NCC and the Association of Licensed Telecom Operators in Nigeria, ALTON, on Wednesday moved for amicable resolution of the dispute between telecom company, MTN Nigeria and the duo of Central Bank of Nigeria and the Attorney General of the Federation, AGF.
CBN restricts credit to public sector, banks’ staff with additional guidelines
Before any bank could extend loans to any federal agency, state or local government, their guarantees must be approved by their legislative chambers henceforth.
MTN sues CBN, AGF over alleged $8.1billion improper repatriation, $2b tax evasion
MTN Nigeria Monday sued the Central Bank of Nigeria, CBN and the Attorney General of the Federation, AGF over allegations of improper repatriation of about $8.1billion and unpaid taxes of $2.0 billion the duo levied against it.
