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CBN to establish infrastructure company

CBN imposes forex restriction on milk importation

By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria, CBN, has imposed foreign exchange, forex, restriction on the importation of milk into the country. The apex bank exempted and approved six companies for the importation of milk and other dairy products. They are: FrieslandCampina WAMCO Nigeria; Chi Limited; TG Arla Dairy Products Limited;
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That ill-advised suspension of banks from forex market

Although all the nine banks –First Bank, Diamond Bank, Sterling Bank, Skye Bank, Fidelity Bank, United Bank for Africa, Keystone Bank, First City Monument Bank, and Heritage Bank — suspended from the foreign exchange market have since been readmitted by the Central Bank of Nigeria (CBN), the episode points to the need for caution when the regulatory authorities decide to wield the hammer to redress perceived violations.

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Recapitalisation: MfBs canvass regulatory support to attract investors

Blame game over suspension of banks from forex market

A heated blame game, yesterday trailled suspension of nine banks from the foreign exchange market as a result of alleged non remittance of NNPC fund into the Treasury Single Account, TSA. The banks, however, issued statements absorbing themselves of culpability. They stated that NNPC management had been kept in the picture on the funds in their possession.

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