The House of Representatives on Tuesday summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, to explain the…
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In the new arrangement, all ATMs that were hitherto enabled for domestic and foreign transactions have been restructured to limit Naira cash withdrawal at ATMs to N60,000 per day while foreign currency is $300 per day. Hitherto, the domestic withdrawal limit was N150,000 per day
The Senate on Wednesday passed a resolution summoning the Governor of the Central Bank of Nigeria, Godwin Emefiele, to appear…
Emefiele, who paid a courtesy visit to the President of the Senate, Dr. Bukola Saraki, frowned at the way and manner officials of the past administration granted import waivers to their cronies and friends on various products such as rice and sugar
The accused – Patience Okoro Eye, Afolabi Johnson, Ilori Sunday, Kolawole Babalola, Olaniran Adeeola and Fatai Yusuf – were arraigned by the Economic and Financial Crimes Commission
A statement on Monday by the Director of Corporate Communications of the CBN, Alhaji Ibrahim Muazu, gave details of how the bank uncovered the fraud
The suspects were picked up by operatives of the anti-graft agency for stealing and putting into circulation defaced and mutilated Nigerian currency notes to the tune of N8 billion meant for destruction
The trial had dragged, with judgement postponed four times
Godwin Emefiele, the CBN governor, kicked against the plan at a Senate Committee on Banking, Insurance and other Financial Institutions hearing on Amendment of NDIC Act on Monday in Abuja
This was contained in a statement signed by the Director of Corporate Communications of the CBN, Alhaji Ibrahim Mu’azu, on Sunday in Abuja
The CBN, on its debt issuance calendar on Friday in Lagos, said that the bills would have tenors of between three months and one year maturities
A cross section of the operators, who spoke to the News Agency of Nigeria on Wednesday, said politics was the major cause of the high demand
With elections due in less than six weeks, the changes let the central bank rein in its defence of the naira, on which it was spending more than $100 million a day, while avoiding the politically unpalatable word “devaluation”
The highlights of the report, released by the Auditor-General of the Federation, Samuel Ukura, on Thursday in Abuja, showed that the total gross revenue generated from crude oil liftings was $69.34 billion and not $67 billion as bandied in some quarters, including the Senate Reconciliation Committee, for the period from January 2012 to July 2013
The apex bank, in a statement in Lagos, said that the Naira closed at N185.50 from the N186.30 recorded on Wednesday
The Senate decision was sequel to the report of Senate Joint Committee on Banking, Insurance and Other Financial Institutions
According to the CBN, the figure represents an increase of $20 million (N3.36 billion) from the $34.47 billion (N5.79 trillion) recorded on December 31, 2014
The CBN Governor, who was represented by his Special Adviser on Development and Finance, Paul Nduka Eluowe, while affirming the belief that the policies had raised the state to a higher pedestal, spoke at the official ceremony for the disbursement of N2 billion CBN Micro, Small and Medium Scale Enterprises Development Fund and the distribution of the second batch of 22 mini-buses, held at the Nelson Mandela Freedom Park in Osogbo
The bank said the circulation of the banknote, unveiled by President Goodluck Jonathan on November 12, would be preceded by the launch of “Partnership Programme aimed at Banknote Equipment Manufacturers and other Machine Suppliers” on Wednesday
The Emir arrived the Presidential Villa in company with members of his Emirates-in-Council and his personal aides in his right-hand driven old Rolls Royce