This was contained in a statement by CBN’s Acting Director, Corporate Communications, Hakama Sidi Ali in Abuja on Friday.
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Also, representatives of the Federal Inland Revenue Service were rejected for similar exercise
He based the inevitability of that decision on the need to make Nigerian banks globally competitive.
The revelation of the under remittance was contained in a 2017 Auditor General Report before the Senate.
This followed the adoption of a motion by Rep. Fred Agbedi (PDP-Bayelsa) on Tuesday at the committee’s hearing.
HURIWA said naira scarcity may also be a scam organised by the CBN, the commercial banks and ‘their POS foot-soldiers.’
This was contained in a circular signed by the country’s apex bank and made available to commercial banks.
In the new move, LCCI tasked CBN to effectively communicate significant changes in policy direction.
The CBN Governor, Olayemi Cardoso, announced this as part of his plans to reflate the economy on Friday.
Dr Muda Yusuf, the Chief Executive Officer of CPPE, gave the advice in an interview with the News Agency of Nigeria (NAN) on Friday in Lagos.
Yusuf spoke on ways to improve liquidity and stabilise the foreign exchange market.
The apex bank had five weeks ago lifted the foreign exchange restrictions it placed on importers of 43 items eight years ago.
The President of the Nigeria Curling Federation, Danmola Daniel, on Friday revealed this development.
The court, in a ruling by Justice Olukayode Adeniyi, ordered that he should be released to his lawyers.
The President of the Association, Alhaji Aminu Gwadabe, revealed this in a statement on Sunday in Lagos.
A Federal High Court (FHC), Abuja has ordered the Economic and Financial Crimes Commission (EFCC) and Central Bank of Nigeria (CBN) to immediately transfer the sums of $9.8 million and £74,000 recovered from Andrew Yakubu, former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) to an account under the control of the chief registrar of the court.
The House of Representatives has resolved to invite the Governor of the Central Bank of Nigeria, Yemi Cardoso, over the bank’s decision to lift the restriction on foreign exchange supply on 43 imported items
That the items were banned from accessing the official forex market does not mean they have become contrabands.
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said this on Saturday in Marrakech, Morocco.
The list of the 43 items affected by Thursday’s pronouncement of the Central Bank of Nigeria on the Foreign Exchange market is reproduced below in this article by The Eagle Online.
The Central Bank of Nigeria has pledged its commitment to boost liquidity in the Foreign Exchange Market. This was disclosed…