Adeyeye, who said it was worrisome that the Governor Kayode Fayemi-led government has not been able to tell the people the exact amount it is owing, maintained that the N5 billion bond just taken by the government was to fund the governor’s second term bid
Browsing: CBN
He explained that the RTGS was an inter bank payment infrastructure that was facilitating the real time settlement of electronic funds transfers on gross and irrevocable basis
It warned that any move to suspend Sanusi and use security forces to prevent him from entering his office, as reported by the media, will even be worse, because it will mean that the President is willing to circumvent the provision of the law that the Governor of the CBN can only be removed by two-thirds of the Senate membership
This is coming on the heels of the successful fulfillment of the CBN’s guidelines for the acquisition of the Primary Mortgage Institution by the Nigeria Police Force
Muslims supported Islamic banking because it had “Islam” appended to it. Christians opposed it because of the same “Islam” in its name, and no one opened the box to see what the contents were
Alade, who is the Deputy Governor for Economic Policy, made the statement in Lagos at the presentation of the IMF 2013 Regional Economic Outlook for Sub-Sahara Africa
He said: “We will start applying the charges from the second of October, which is Wednesday, because the three months moratorium would have expired
According to the apex bank’s Website, out of the sum, $45.67 billion was in liquid form, while $1.22 billion was “blocked”
“The public will get a large quantity of the new notes to replace the old and mutilated notes, particularly the higher denomination notes, in the first instance, then later the lower denominations
Some dealers attributed the stable volume of sales in WDAS to the drop in the oil price at the international market
The CBN, according to a message Guarantee Trust Bank sent out to its customers on Tuesday, was out to allow customers adjust to the new policy before sanctions are meted out for breaking the rules
The legislator said that low literacy level and the absence of constant power supply would discourage Nigerians from embracing the policy
He added: “NAMB is soliciting for more funds aimed at providing
stability through bridging for MFBs short-term debt, refinancing and
venture partnership to MFBs and institutions with potentials
He said that the policy would reduce robbery, kidnapping, election rigging and even leakage in government revenue “because nobody will be cheated by the electronic machine”
He said: "We will print all the paper notes here in Nigeria as usual, but it is only when we have cash in hand that we will print the naira notes abroad
The Deputy Governor of the CBN (Operations), Tunde Lemo, made the call in Abeokuta, the Ogun State capital, at a sensitisation on the commencement of the cash-less policy in the state
He said that the CBN should always spell out in specific terms the kind of contract being carried out to avoid controversy
“My friend, Abiodun, alias Tokunbo Babatunde, is the owner of the machine we use to print the fake dollars
Sanusi knows that the Foreign Reserve is a “composite” or “aggregate” amount of ALL official foreign exchange belonging to a country. So I wonder why they are seeking to confuse the point for citizens?
He knows that I separated the ECA amount in that speech deliberately to make a separate point on the terrible fiscal choices of expenditure that wrecked what was supposed to be “savings for rainy days”
In compliance with the new regulations, shareholders convened at a ‘Court Ordered Meeting’ held Thursday at the Harbour Point, Victoria Island, Lagos and unanimously approved the adoption of a commercial banking structure