The Nigerian National Petroleum Company (NNPC) Limited have collaborated with the Central Bank of Nigeria (CBN) to set limits for the management of the oil firm’s revenue. The limit was set following a meeting between the CBN Governor, Olayemi Cardoso and the NNPCL Group Chief Executive Officer, Mele Kyari, in …
Read More »Those Opposing Relocation Of FAAN, CBN Departments To Lagos Are Mischief Makers, Says VP Shettima
Nigeria’s Vice President Kashim Shettima has faulted the position of those opposing the federal government’s decision to relocate some departments and units of the Central Bank of Nigeria (CBN) and the Federal Airports Authority of Nigeria (FAAN) from Abuja to Lagos, describing them as mischief makers. Shettima, who spoke on …
Read More »Relocation of FAAN, CBN Depts from Abuja to Lagos and the protests of hypocrisy- By Lere Olayinka
I read the reaction of the Northern Senators Forum (NSF), Arewa Consultative Forum (ACF) and others, condemning the relocation of some departments in the Central Bank of Nigeria and the headquarters of the Federal Airport Authority of Nigeria (FAAN) from Abuja to Lagos State, and I couldn’t but ask myself, …
Read More »Northern Senators Break Silence On Relocation Of CBN, FAAN Offices To Lagos
Senators from the northern region of the country have expressed their opposition to the proposed relocation of certain federal agencies from Abuja to Lagos. Additionally, they raised concerns about perceived imbalance in the distribution and allocation of resources in the 2024 budget, asserting that it disadvantaged the North. The Central …
Read More »CBN suspends application for new loans under intervention funds
Says banks now responsible for loan recovery The Central Bank of Nigeria, CBN, has suspended application for new loans under it’s development finance intervention funds. The apex bank announced this decision in a circular to the Chief Executives of banks, signed by Ag. Director, Development Finance Department, Sa’ad Hamidu. Among other …
Read More »CBN to review fintech licensing framework
The Central Bank of Nigeria has announced plans to conduct a review of its licensing framework for payment services. This would lead to the development of a new regulatory and compliance framework for the payment service sector, the apex bank hinted. The CBN Governor, Olayemi Cardoso, revealed this at the …
Read More »EFCC Bows To Order, Produces Emefiele In Court
The Economic and Financial Crimes Commission (EFCC) has bowed to the order of the court by producing the former Governor of the Central Bank, Godwin Emefiele, in court for the hearing of his bail application Emefiele who has been in the custody of Security agencies for over 149 days, was …
Read More »Senate to screen CBN Governorship nominee, Yemi Cardoso and others on Tuesday
The Senate will on Tuesday screen former Chairman of the Board of Citi Bank Nigeria, Dr. Olayemi Michael Cardoso for the position of the Governor of the Central Bank of Nigeria (CBN).The senate will also screen four nominees for the positions of CBN Deputy Governors, who will join forces with …
Read More »Senate to screen CBN Governorship nominee, Yemi Cardoso and others on Tuesday
The Senate will on Tuesday screen former Chairman of the Board of Citi Bank Nigeria, Dr. Olayemi Michael Cardoso for the position of the Governor of the Central Bank of Nigeria (CBN).The senate will also screen four nominees for the positions of CBN Deputy Governors, who will join forces with …
Read More »CBN seeks FUTA’s partnership on eNaira
The Central Bank of Nigeria on Monday sought the partnership of the Federal University of Technology, Akure, Ondo State, in adopting the newly introduced digital currency known as eNaira. The apex bank urged the university to adopt the new system for financial transactions within the varsity environment. Speaking during the …
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