The Central Bank of Nigeria has kept mum as the deadline for banks to restrict customers’ accounts without a Bank Verification Number or National Identity Number has expired, DAILY POST reports. DAILY POST recalls that CBN, in a notice on December 1 last year, signed by the Director of Payments System Management Department, Chibuzo Efobi … Read more
The Central Bank of Nigeria has over $300m to Deposit Money Banks in the last two weeks amid desperate efforts to stabilise the naira-dollar exchange rate. The Association of Corporate Treasurers of Nigeria made the disclosure in an advisory memo made available to its members, a copy of which was obtained by The PUNCH. The memo … Read more
The Presidency, on Sunday, said the attempt by former Vice-President, Atiku Abubakar to rubbish the foreign exchange policy of the government has failed, DAILY POST reports. It said the Central Bank of Nigeria, CBN, was currently implementing policies to stabilise the Naira.informationguideNigeria Atiku had recently said the Forex policy of the present administration under President … Read more
The Presidency says a controlled floatation of the naira to prevent further devaluation would only return Nigeria to the economic regime of the embattled former Governor of the Central Bank of Nigeria, Godwin Emefiele, PUNCH reports.JAMB Result It said the policy, which saw about $1.5bn spent monthly to shore up the naira, fuelled financial malpractices, … Read more
As reported by the Punch, the Economic and Financial Crimes Commission has declared Margaret Emefiele, wife of a former Governor of the Central Bank of Nigeria, Godwin Emefiele, and three others, wanted for money laundering. Mrs Emefiele, Mr Eric Odoh, Anita Omoile and her husband, Jonathan Omoile, were declared wanted Friday night for allegedly conspiring … Read more
The Senate Committee on Banking, Insurance and Financial Institutions is holding a session with Central Bank of Nigeria Governor Olayemi Cardoso, DAILY POST reports.JAMB Results Cardoso led other officials of CBN to the Red Chambers on Friday morning amid the rising cost of living and hardship Nigerians are grappling with.NYSC Portal DAILY POST recalls that … Read more
As reported by THE PUNCH, Asset management group, United Capital Group, has expressed support for the decision of the Central Bank of Nigeria to collaborate with stakeholders on future intervention programmes. The firm stated this in a flash note it published following an interview of the CBN Governor, Dr Olayemi Cardoso, with Arise TV on … Read more
The recent move by the Central Bank of Nigeria, CBN, to further float the Naira in the foreign exchange market has raised mixed concerns in the country’s economic sector, as per DAILYPOST. According to experts familiar with the sector, the move is similar to what the CBN did eight months ago on June 14 last … Read more
There are strong indications that the Federal Government is mulling a policy that will result in the conversion of foreign currencies in domiciliary accounts of citizens to naira to stabilise the national currency, which earlier this week recorded its worst performance in history, as per PUNCH ONLINE.informationguidenigeria If it goes ahead with the plan, the … Read more
Ahead of the midnight February 1, 2024 deadline given by the Central Bank of Nigeria to commercial banks to sell all excess foreign exchange holdings, Deposit Money Banks on Thursday made frantic efforts to offload their surplus dollar stocks, PUNCHONLINE reports. It was learnt that the treasury departments of the DMBs spent the entire day … Read more