Theft of CBN’s N8bn: 2 bankers bag 18 years
A Federal High Court sitting in Ibadan has sentenced a Central Bank of Nigeria staff, Philip Togun, and a woman, Esther Afolabi, ex-staff of WEMA Bank to 18 years imprisonment for participating in stealing of N8 billion at CBN Ibadan branch.
CBN reintroduces cashless charges on bank deposits
The Central Bank of Nigeria, CBN, yesterday, reintroduced charges on cash deposits in banks, which would take effect at different dates in different parts of the country
Newly introduced foreign exchange policy will strengthen naira — CBN
The newly introduced foreign exchange policy by the Central Bank of Nigeria (CBN) will help shore up the naira, an official of the bank has said.
Forex: CBN, banks to verify tax clearance certificates, flight tickets
As part of measures to implement the new foreign exchange measures to address the depreciation of the naira in the parallel market, the Central Bank of Nigeria, CBN, and commercial banks will collaborate with state governments to verify tax clearance certificates.
Forex: CBN disburses $2.8bn in 2 months
The Central Bank of Nigeria (CBN) has disbursed the sum of $2.83 billion for utilization in the critical sectors of the economy in the last two months of December 2016 and January 2017.
E-payment transactions rose to N51.8trn in 2016 – CBN
The Central Bank of Nigeria (CBN) yesterday said that value of electronic transactions rose by four percent to N51.8 trillion in 2016.
NECA attacks CBN over N50 stamp duty
NIGERIA Employers Consultative Association, NECA, umbrella body for employers in the country, yesterday, berated Central Bank of Nigeria, CBN, over its failure to comply with the Court of Appeal’s ruling directing all Deposit Money Banks, DMB, to discontinue the illegal charging of N50 per transaction in lieu of Stamp Duties.
Reps give CBN, others ultimatum to account for $22.6bn oil blocs
THE House of Representatives Ad-hoc Committee on Oil Prospecting Licences, OPLs, and Oil Mining Leases, OMLs, yesterday, gave the Central Bank of Nigeria, CBN, and others one week ultimatum to provide all relevant documents to ascertain the payments of about $22.6 billion oil blocs from application fees, royalties, signature bonuses and other fees by oil companies.
Forex: CBN queries banks
The Central Bank of Nigeria, CBN, has denied allegations of irregularities in the foreign exchange, forex, transactions among Deposit Money Banks, DMBs and insisted that process remains transparent.
CBN sold $1.1bn to importers in Nov 2016
THE Central Bank of Nigeria (CBN), yesterday, said that it sold $1.1billion to 4,328 firms in November with Crown Flour Mills and five fuel importers receiving the largest share.
Manufacturers urge CBN to release N50bn textile intervention fund
The Nigerian Textile Manufacturers Association (NTMA) has urged the Central Bank of Nigeria (CBN) to expedite the release of the pending N50 billion intervention fund to Cotton, Textile and Garment manufacturers.
