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.
CBN to sanction banks over Power Fund
Deposit Money Banks (DMBs) found to be frustrating the electricity power intervention by the Central Bank of Nigeria (CBN) under the Nigeria Electricity Stabilisation Facility (NESF) are to face severe sanctions, including removal from participation, the apex bank has warned.
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.
