According to him, the CBN, in the draft, proposed N100 million as the new capital base for the sub-sector
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The meeting, which was chaired by Dandali Kifasi, the Permanent Secretary of the Ministry of Petroleum Resources, was attended by officials from the CBN as well as the ministries of finance and petroleum resources
In a statement by Tuminie Green, the Acting Group General Manager, Group Public Affairs Division of the Corporation, on Sunday, NNPC expressed dismay at what it termed the increasing unwarranted and unfounded accusations against it by otherwise informed persons in the polity, persons, who, by virtue of their positions in government, should know better
An alumnus of three prestigious business schools: Harvard, London and Lagos, Muhammad started his banking career over two decades ago with the Center Point Bank, one of the nine legacy banks that merged to build Unity Bank Plc in 2006
Sanusi, who made the remark at the Euromoney Conference in Lagos on Thursday, said that the fund would shield the economy in the event of total crash of global oil price
The apex bank also said that the 91-day treasury bills were worth N20.16 billion at 11. 84 per cent yield, as against the 11.97 per cent yield at the previous auction on June 26
The vehicle was parked on the road side leading to the CBN building by the Plateau State Teaching Hospital when it rolled and crashed into the building
Aig-Imokhuede said that bonds, fixed income, treasury bills and foreign exchange transactions were still being done over the counter in Nigeria without proper regulations
Omar Ben Yedder, Publisher, African Banker, said the award committee recognised Sanusi’s outstanding work in the past years in sustaining banking reforms in Nigeria
The MPR, one of the monetary policy instruments of the CBN, is the benchmark lending rate and the rate at which the CBN lends to commercial banks
The FMDA said that N59.53 billion worth of 139-day bills were sold, while N110.8 billion worth of 128-day treasury bills were sold.
The 139-day and 128-day tenor bills had yield rates of 13.32 per cent and 13.03 per cent, respectively
The medium-term strategy, he disclosed, was developed by the Ministry of Finance in conjunction with the Debt Management Office while the Central Bank of Nigeria developed a medium-term debt management strategy, with input from the National Bureau of Statistics, the World Bank and the International Monetary Fund
Okoroafor said that it was now more difficult to transfer illegally acquired funds out of the country electronically
Segun Adeleye, President/CEO, WorldStage, said 2013 will be a watershed in the history of electricity power supply in Nigeria, going by the milestones expected to be recorded
Speaking on the issue, the CEO of FBN Holdings Plc, Bello Maccido, said the holding companies at inception faced a major concern over possible interpretation of existing tax statutes that would lead to the double taxation of dividends
Attempts have been made to return to the Gold standard but it has been met with vehement resistance. Libya, Africa’s largest oil producer, had plans to quit selling Libyan oil in US dollars, demanding payment instead in gold-backed dinars (a single African currency made from Gold)
Maku said in the first place, Nigeria did not have up to $67 billion in its accounts, based on the records of the Central Bank of Nigeria
According to Okonjo-Iweala, the Finance Ministry of Finance made the N161.6 billion supplementary budget for subsidy payments, which had been approved by the National Assembly, available to the Central Bank of Nigeria since December 31, 2012
Sanusi, who spoke with Nigerian journalists on the sidelines of the 13th meeting of the Honorary International Investment Council in London, United Kingdom, said that his position was the painful truth
The postponement, according to Justice Kolawole was because the judgment was not ready and owing to another suit instituted by the Attorney General of the Federation and Minister of Justice, Mohammed Adoke, seeking to stop the judgment