This was made known by the Chartered Institute of Bankers
Browsing: Central Bank of Nigeria
The committee to probe the allegation was inaugurated on Wednesday
The Senate’s decision was sequel to a motion sponsored by the Deputy Senate Leader, Bala ibn Na’Allah, over the non submission of the 2017 Budget by some Public Corporations in violation of the Fiscal Responsibility Act
The list was released on Tuesday night
Thirty-eight agencies were accused of flouting the law
The fresh injection was done on Monday
Alhaji Aminu Gwadabe, the President of Association of Bureau de Change Operators of Nigeria, said that he expected the naira to continue to appreciate in the coming weeks
The incident, which occurred around Ibafo, while Amosun was traveling to Lagos for an official assignment, saw the CBN convoy damaging the escort vehicle in the governor’s convoy
The Naira had maintained the same rate on Tuesday
The CBN Acting Director, Corporate Communications, Isaac Okorafor, confirmed this on Tuesday while disclosing that the sales will be settled this week
Emefiele said this at a news conference after the launching of the International Monetary Fund’s Regional Economic Outlook report on Sub-Saharan Africa on Tuesday in Abuja
It will be recalled that the CBN on Friday sold $389 million to authorized dealers in the retail sector of the market as spot and forwards
The Apex Bank Governor, who disclosed this during a working visit to Shonga Farms in Edu Local Government Area of Kwara State, said the loan is meant to support value chain in chicken production in the farm, with a potential of employing more hundreds of youths
The position of the CBN follows a report in some sections of the media that the apex bank has reversed part of its policy on some import items ineligible for forex
Emefiele, who spoke to State House correspondents after a closed door meeting with the President in the Presidential Villa, Abuja on Thursday, said Buhari was delighted over the stability in the forex market
The bank said in a statement issued in Lagos that the CBN readmitted it sequel to the provision of evidence of sales of foreign exchange to Small and Medium scale Enterprises
In a release made available to newsmen, the Managing Director, Aiteo Downstream, Ewariazi Useh, said the group has no records of receiving any invitation from the Committee of the National Assembly relating to the inquiry that is the subject matter of a recent report by a national daily relating to the alleged export of $17 billion undeclared crude and gas resources from the country
The Bank also on Wednesday offered another $150 million to be auctioned at the wholesale windows of the inter-bank market
Details of the loan disbursement and repayment obtained from the apex Bank indicate that as at March 31, 2017, a total sum of N33.34 billion had been released through 12 Participating Finance Institutions in respect of 146,557 farmers across 21 States cultivating over 180,018 hectares of land
NAN reports that the Kwara State House of Assembly in January 2017 approved the request of Governor Abdulfatah Ahmed to obtain N1 billion loan from the Central Bank of Nigeria to boost agriculture in the state