The Central Bank of Nigeria (CBN) has stated that Nigeria cannot stop borrowing, especially when it is necessary as part of fiscal responsibility. Godwin Emefiele, the governor of the Central Bank of Nigeria, made this statement at a national dialogue on Nigeria’s mounting debt, titled: “The Rising Public Debt in Nigeria …
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A document on NNPC remittances to CBN seen in Abuja on Sunday has shown that the Nigerian National Petroleum Company Limited remitted a total of N2.7bn into its accounts with the Central Bank of Nigeria from January to June this year. Contradicting the claims of CBN that the weakening value of the …
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Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has stated that Nigerians now “‘shamefully” pay dollars to study in universities in neighbouring West African countries. This was stated on Tuesday by Emefiele while responding to questions from journalists after the monetary policy committee (MPC) briefing in Abuja. He …
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VISITs to include MDAs, NGOs, other corporate bodies… The Federal Inland Revenue Service (FIRS) has stated that it would embark on a nationwide Value Added Tax (VAT) and Withholding Tax (WHT) compliance exercise from July, 2022. This information is contained in a public notice announcing the compliance monitoring exercise, and …
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Femi Falana, human rights advocate and senior lawyer, is seeking the disclosure of measures put in place by the Central Bank of Nigeria (CBN) to stop the dollarisation of the Nigeria’s economy. This is as the lawyer bemoaned the continued depreciation of Naira. In a letter dated May 24, 2022, …
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The Manufacturers Association of Nigeria (MAN) has disclosed that the hike in the monetary policy rate (MPR) by the Central Bank of Nigeria (CBN) will have a ripple effect on manufacturers. This was contained in a statement issued on Thursday by Segun Ajayi- Kadir, director-general, MAN. The policy-setting committee of …
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The Dangote Group has disclosed that it would soon stop accessing foreign exchange (forex) from the Central Bank of Nigeria (CBN). The conglomerate has also revealed that it would expand its operations into the steel sector. Group Managing Director, Dangote Group, Mr. Olakunle Alake, made this disclosure during a panel …
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The confirmation of the new head of FBN Holdings fails to conform with the provisions of CBN’s Code of Corporate Governance for Banks and Discount Houses in Nigeria 2014. Nigeria’s watchdogs are failing the credibility test, and no recent case makes this clearer than the appointment months ago of the …
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BREAKING!!! CBN Office On Fire (Photos) The Central Bank of Nigeria (CBN) Makurdi cash office, covering the North Central States, is currently on fire, Igbere TV has learnt. The cause of the fire is not known and firefighters were yet to arrive at the building located in old GRA in …
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The Central Bank of Nigeria (CBN) imposed monetary sanctions on Stanbic IBTC Bank, Access Bank for permitting crypto transactions by customers in breach of a directive from the regulator last year, forbidding such deals, Bloomberg reported on Wednesday. While Access Bank, the commercial banking division of the country’s biggest lender …
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