The Senate decision was sequel to a motion sponsored by Senator Gbenga Ashafa, who expressed dissatisfaction with excessive charges by Nigerian Banks.
Emefiele told newsmen on Sunday that this was part of the outcome of the Nigerian delegation’s meetings with investors and institutions at the International Monetary Fund and World Bank Group Annual Meetings in Bali.
The Minister of Finance, Zainab Ahmed and the Central Bank of Nigeria governor, Godwin Emefiele, will join other economic experts from around the world to discuss issues affecting the global economy.
The Governor, Central Bank of Nigeria, Godwin Emefiele, on Wednesday said the apex bank was duly committed in positioning the economy on the path of growth by supporting small businesses in the country.
The Central Bank Governor, Godwin Emefiele, made this known at a news conference on Tuesday in Abuja on the outcome of the 263rd Monetary Policy Committee meeting.
Nzekwe, a former President, Association of National Accountants of Nigeria, gave the advice in an interview with the News Agency of Nigeria on Sunday in Ota, Ogun State.
A new bank, Polaris Bank Limited, has taken over the assets and liabilities of Skye Bank Plc, which licence was on Friday evening revoked by the Central Bank of Nigeria.
The Central Bank of Nigeria, on Friday, revoked the operating licence of Skye Bank Plc with immediate effect.
This was sequel to the recommendation by the Governor of Central Bank of Nigeria, Godwin Emefiele, in a memo dated August 28 to the President, which was approved
The theme of the Summit is: “Rights and Obligations of Bank Customers.”
The Central Bank of Nigeria says the currency swap agreement with the People’s Bank of China will not cover the importation of substandard goods into the country.
The Central Bank of Nigeria, CBN, said it was developing a Risk Based Cyber Security Framework for banks and payment service providers to combat internet fraud in the country.
The Naira on Wednesday gained marginally against the dollar at the parallel market in Lagos, the News Agency of Nigeria reports.
He said that the visit was to ascertain banks compliance with the new directive by the CBN to sell foreign currencies to all customers over-the-counter whether the customer had an account or not.