CBN urged to review forex restriction on 41 imported items
A financial expert yesterday called on the Central Bank of Nigeria (CBN) to review the foreign exchange restriction placed on 41 items imported into the country.
Forex market: CBN reinstates 9 suspended banks
The Central Bank of Nigeria, CBN, has reinstated the nine banks recently suspended from the foreign exchange market.
CBN suspends 9 banks from forex transactions
The Central Bank of Nigeria, CBN, yesterday, suspended nine banks from further dealing in foreign exchange transactions, until they remit all outstanding Nigerian National Petroleum Corporation, NNPC, funds in their vaults into the Treasury Single Account, TSA.
No secret recruitments in CBN, FIRS, others- Presidency
The Presidency has denied any secret recruitment of children and cronies of government functionaries at the Central Bank of Nigeria, CBN, Federal Inland Revenue Service, FIRS and other juicy agencies and parastatals of government, saying that the reports about such exercise were “inaccurate”.
Late publication of accounts: CBN to sack banks’ CEOs, chairmen
The Central Bank of Nigeria (CBN) has said it will sack chief executive officer and chairman of any bank that fails to publish its financial statement within the regulatory period.
CBN opens discount window as interest rate hits 74%
The Central Bank of Nigeria (CBN), yesterday, opened its discount window in apparent bid to save the banking system from scarcity of funds which sent interbank interest rate to 74 percent at the close of business.
CBN’s operating surplus jumps by 261%
The Central Bank of Nigeria, CBN, recorded 261 percent increase in its operating surplus to N123 billion for the financial year ended December 31, 2015.
Why real sector special funding facility is delayed — CBN
Contrary to insinuations that Central Bank of Nigeria, CBN, may have abandoned the plan to inject about N760 billion into real sector special credit facility following last week’s policy reversal, the apex bank has indicated that the plan is still alive.
Emefiele’s Torrid Time at the CBN
From oil crash to TSA (Treasury Single Account), to JP Morgan, it has evidently been a trying time for the Nigerian financial sector. It has therefore been a very busy year and a half for the policy managers at the Central Bank of Nigeria. How effectively has the apex bank managed what is arguably one of the most difficult periods in Nigeria’s economic history? Has the bank shown sufficient capacity to manage the crisis in terms of the policy options, given the prevailing policy environment? What are the steps it has taken so far? How have the indicators stacked up in response to the steps taken?
CBN suspends staff over fraudulent transaction
The Central Bank of Nigeria (CBN) yesterday said it has suspended some key personal involved in a fraudulent transaction uncovered by the management.
Okowa tasks CBN on entrepreneurial devt
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.
