CBN, stop this nonsense
IN a recent ‘chat’ with members of the Newspaper Proprietors Association, the CBN Governor, Godwin Emefiele, spoke extensively on efforts to resolve the current challenges to best practice monetary and fiscal management; particularly salient in his narrative, was the alarming revelation that “in 11 years CBN allocated $66bn to BDCs!!”
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.
91-yr-old ex-CBN Director kidnapped in church
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.
CBN refuses to devalue the Naira, retains rate
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.
N50 stamp duty on transactions: Salary accounts exempted, says CBN
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.
