Data from the website of the Central Bank of Nigeria showed the Naira gained N6.57 against the dollar at the close of trading.
Browsing: CBN
In a one hour, thirty-six-minute judgement delivered by justice Emmanuel Akomaye, the five-man panel of the court unanimously dismissed the cross-appeal filed by Governor Siminalayi Fubara challenging the validity of the House of Assembly presided over by Martin Amaewhule as the Speaker.
Delivering his ruling on Wednesday, Justice Oshodi held that the allegations of bias raised by the defence were unsubstantiated, stating that there was no evidence to justify his withdrawal from the case.
The reaction of the TUC was contained in a statement on Tuesday by its President and Secretary General, Festus Osifo and Nuhu Toro.
The Eagle Online recalls that the CBN recently announced an increase in the cost of ATM withdrawals by customers in different cases.
Justice Yellim Bogoro granted the final forfeiture application brought by the Economic and Financial Crimes Commission.
The MPC took the decision at its 299th meeting, which was held on Thursday in the Federal Capital Territory, Abuja.
This followed the announcement by the CBN of the new charges on Automated Teller Machines, depending on the customer’s site of usage.
This was disclosed in a Q&A explainer released by the apex bank following its recent review of ATM withdrawal fees.
The directive, contained in a circular by the apex bank, annuls the three free withdrawals per month from other banks’ ATMs
He alleged that it was in the same dungeon a former Governor of the Central Bank of Nigeria, Godwin Emefiele, was forced to resign
The NAHCON boss emphasised that the waiver would significantly reduce the Hajj fares for Nigerian pilgrims for the year.
The CSO made the call in a statement e-signed by its National Coordinator, Ibrahim Muhammad, made available on Wednesday.
Available data from the FMDQ Security Exchange official forex trading platform revealed that the Naira lost N20.82 to the dollar.
The director of the financial policy and regulation department, Jonah Onojah recently announced the development, saying the waiver took immediate effect.
CBN, in a statement, explained that the Code serves as a guideline to the banking industry to promote the ethical conduct of authorised dealers in the country’s FX market.
Each of the banks was fined N150m following spot checks that revealed non-compliance with the apex bank’s cash distribution guidelines.
The governor offered the explanation on Friday when he appeared before the House of Representatives Committee probing the exit.
This was contained in a statement issued on Monday and signed by the Company Secretary, Olufunmilayo Adedibu.
The threat by the CBN was contained in a circular by the Acting Director of the Currency Operations Department, Mohammed Olayemi.