Sanusi lied; CBN’s lending to FG is N1.467 trn – Presidency
New facts emerged yesterday that the CBN advanced the Federal Government the sum of N1.193 trillion as Ways and Means as at 2nd December 2016. A fact sheet of the accounts of the Federal Government with the CBN, obtained yesterday from Presidency sources disclosed that the Federal Government did not borrow above its limit from the Central Bank of Nigeria, CBN.
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.
