According to the report read on the floor during plenary on Wednesday, Lawal received back into his personal and company accounts about N450 million from the various contracts received by some companies
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The report was still being read as at press time
Rising from its 2017 biennial convention in Lagos attended by over 350 editors of media outlets in the country, the Guild said the efforts of the Federal Government at diversifying the economy were commendable
Sources at the CBN disclosed that the financial regulator took the decision to bar the erring banks based on field reports, which revealed that only eight banks had sold forex to the SMEs segment since the inception of the new window
Kaodi Ugoji, the Vice-President and Divisional Head, Strategy and Corporate Communication of the company, said this in a statement on Tuesday in Lagos
Industry experts are of the view that the rate of forex liquidity being pumped into the system by the CBN will lead to a depreciation of the dollar against the naira
My point is, we must stop this silly culture of destroying the integrity of our revered institutions because of selfish interests and agendas. If any person or group wants to take up issues with how Nigeria’s funds are being spent then it must channel that effort to the right office and not the CBN
Mohammed, represented by the Managing Director of the News Agency of Nigeria, Bayo Onanuga, made the assertion at the biennial convention of the Nigerian Guild of Editors in Lagos
Alade announced her retirement at the FMDQ fifth Annual General Meeting in Lagos for the year ended December 31, 2016
The Managing Director of the Bank, Charles Kie, says the move is part of the bank’s transformation agenda
Muda Lawal, the Director-General of the Chamber, made the observation in an interview with the News Agency of Nigeria on Friday in Lagos
Speaking on the development, the Acting Director of Corporate Communications at the CBN, Isaac Okorafor, said the inability of authorized dealers to pick up the whole amount offered was a pointer to the fact that there was enough foreign exchange to meet legitimate forex demands within the system
The Acting Director, Corporate Communications Department at the CBN, Isaac Okorafor, disclosed this, adding that no intervention was made in the retail window in Thursday’s auction
The Nigerian currency lost two points to close at N390 to the dollar, while the Pound Sterling and the Euro traded at N495 and N415 respectively
The Bank’s Acting Director in charge of Corporate Communications, Isaac Okorafor, while confirming the auction sale, disclosed that out of the auctioned amount, only $3.14 million was sold as spots, while $182.72 million was sold as forwards
The State Deputy Governor, Alhaji Samaila Yombe, made the disclosure to newsmen in Bagudo on Wednesday
Industry watchers also believe that the new CBN window for investors and exporters will boost production with its attendant net effect of employment
Emefiele made this known after a closed door session with the President of the Senate, Dr. Abubakar Bukola Saraki, in the National Assembly
The Bank’s spokesman, Isaac Okorafor, confirmed the offer and sales on Monday, disclosing that the forwards sales would be concluded in the days to come
In the audited 2016 Financial Results as approved by the Central Bank of Nigeria and made available to financial and capital market correspondents in Lagos, Nigeria, Diamond Bank posted 53 per cent growth year on year in Total Comprehensive Income to N12.1 billion with non-interest income surging by 6.9 per cent to N53.9 billion, ostensibly stimulated by transactional fees