The gesture by the Central Bank of Nigeria is aimed at easing travel demands by the pilgrims in the upcoming Hajj exercise.
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This followed the intervention of Vice-President Kashim Shettima, who appealed to President Bola Tinubu on behalf of the pilgrims through the National Hajj Commission of Nigeria (NAHCON).
The Director of the Department of Corporate Communication of the CBN, Hakama Sidi-Ali, said this in a statement she issued on Thursday.
According to the CBN, NFER stood at $23.11 billion, the highest level in over three years, a marked increase from $3.99 billion at year-end 2023, $8.19 billion in 2022, and $14.59 billion in 2021.
This was even as a 2016 Court of Appeal judgment had nullified NIPOST’s authority to engage Kasmal on any role for Stamp Duty collections.
According to the apex bank, this underscores the institution’s deepened commitment to inclusive and representative leadership.
A press statement by the CBN on Tuesday disclosed that Cardoso stated this when he received a delegation of scholars from the Harvard Kennedy School at the CBN headquarters in Abuja.
The position of the government was contained in a statement made available to newsmen by the spokesman of the Governor, Olawale Rasheed.
The confirmation by the Senate on Tuesday followed the presentation and consideration of Senator Adetokunbo Abiru, APC, Lagos East led Senate Committee on Banking, Insurance & Other Financial Institutions.
This is according to the Central Bank of Nigeria’s latest data on external sector payments.
The letter, signed by the Secretary to the State Government, Teslim Igbalaye was also sent to the Auditor-General of the Federation, Shamsedeen Babatunde, and Governor of the Central Bank of Nigeria, CBN, Mr Yemi Cardoso to intimate them and financial institutions to engage exclusively with the newly elected local government officials following a subsisting court judgment that removed the previous council chairmen.
Recall that the CBN’s new policy, which took effect on March 1, 2025, imposes a fee of N100 per N20,000 withdrawals for customers using other banks’ ATMs within bank premises, and an additional surcharge of N500 for transactions outside bank premises.
So, if truly LGs have at least three years of audited accounts, the logical question to ask is: what makes it difficult to present such audited reports and satisfy the said CBN demand?
Data from the website of the Central Bank of Nigeria showed the Naira gained N6.57 against the dollar at the close of trading.
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.