The bank disclosed this in its audited financial statements for 2016-2022 released on Thursday.
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The Central Bank of Nigeria has offered reasons for the continuous fall of the Naira.
Alhaji Aminu Gwadabe, the President of ABCON, gave the advice in an interview with the News Agency of Nigeria.
The experts spoke with the News Agency of Nigeria (NAN) on Sunday in Abuja.
The President disclosed this during an audience with the President of the World Bank, Ajay Banga, on Friday in Abuja.
The President disclosed this during an audience with the President of the World Bank, Ajay Banga, on Friday in Abuja.
A Civil Society Organisation, Save Nigeria Movement, said the Central Bank of Nigeria should compensate Nigerians with N2 trillion for losses during the naira redesign by the suspended Governor, Godwin Emefiele.
The Monetary Policy Committee of the Central Bank of Nigeria CBN has voted to increase the benchmark interest rate by 25 basis points to 18.75 per cent.
The News Agency of Nigeria reports that Emefiele was charged by the office of the Attorney General of the Federation under the Ministry of Justice.
As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) prepares for its July meeting, some financial experts have called for moderation in its policy decisions.
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over its failure to delete the patently unlawful provisions in the Bank “(Customer Due Diligence) Regulations directing banks to obtain information on customers’ social media handles for the purpose of identification.”
The call was sequel to a unanimous adoption of a motion by Esosa Iyawe (LP-Edo) at plenary on Thursday.
Unegbu, a past President of the Chattered Institute of Bankers of Nigeria (CIBN), made the appeal in an interview with the News Agency of Nigeria (NAN) Sunday in Abuja.
SERAP in a press release signed Sunday by its Deputy Director, Kokawole Oluwadare also urged him to “withdraw the Circular number FPR/DIR/PUB/CIR/007/076 of 20 June 2023 mandating banks and other financial institutions to implement and comply with the unlawful mandatory provisions on customers’ social media handles in the CBN Regulations.”
The “Central Bank of Nigeria (Customer Due Diligence) Regulations, 2023” contained the new requirements.
President Tinubu spoke for the first time on Friday in Paris, France since Emefiele was suspended and arrested.
National Coordinator, PRI, Sulayman Dawodu, in a press statement, commended the suspension of the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele as well as the assent to Electricity, Student Loan and Data Protection Bills, deregulation of forex, prompt appointment of Chief of Staff, Secretary to Government of Nigeria and Special Advisers among other decisions.
This was contained in a statement on Sunday directing Deposit Money Banks on the operational of the accounts.
In a statement on Wednesday night, Angela Sere-Ejembi, Director, Financial Markets, confirmed the changes.
He spoke on Saturday during the valedictory session of the 9th Senate, presided over by President Ahmad Lawan.