Home | Tag Archives: Central Bank of Nigeria

Tag Archives: Central Bank of Nigeria

OIL FIRM CLEARS AIR IN FOREX DEAL

It's only fair to share...An oil firm, Bulk Strategy Reserve Company, says they are not into any foreign exchange deal with the Central Bank of Nigeria (CBN). This is however, contrary to claims from the apex bank that Bulk Strategy Reserve Company which is involved in oil and gas importation, collected $22 million. Secretary of the oil firm, Mr. Bean ...

Read More »

NIA claims N13b seized by EFCC was received from CBN: We are not sure we paid billions to NIA – CBN responds

It's only fair to share...The Central Bank of Nigeria (CBN) has broken its silence over the controversial N13b recovered by Economic and Financial Crime Commission (EFCC) in an Ikoyi apartment in Lagos state. But despite claims by the National Intelligence Agency (NIA) that he approved and released the massive stash of cash recovered by the Economic and Financial Crimes Commission ...

Read More »

FOREX control damaged business confidence and private investments, with massive capital flight – Prof Soludo

It's only fair to share...  Chukwuma Soludo, a professor of economic and a former governor of the Central Bank of Nigeria, CBN, has said the size of nation’s Gross Domestic Product  has shrunk from about $575 billion to about $354 billion.   Soludo said this on Friday, March 10, 2017 in Lagos at an economic talk shop, organised by the ...

Read More »

$1.72 Billion Debt: CBN and NCC intervene over banks’ threat to acquire Etisalat

It's only fair to share...Mobile telecoms operator, Etisalat Nigeria, got reprieve on Friday following a breakthrough in its negotiations with three Nigerian banks that threatened to take over the business over a $1.72 billion (about N541.8 billion) loan. At the end of the talks on Friday held at the Central Bank of Nigeria, CBN office in Lagos, at the instance ...

Read More »

Four Skye Bank Executive Directors resign voluntarily

It's only fair to share...Skye Bank had on Friday confirmed that four of its Executive Directors have immediately left the bank. The bank said the affected directors who had served in executive management capacity for almost two years, left after voluntarily tendering their resignation. The affected directors who had been in executive positions were also part of the re-constituted board ...

Read More »

Stop investing in MMM it is an embarrassment to the nation – CBN warns Nigerians again

It's only fair to share...The Central Bank of Nigeria (CBN) has once again cautioned Nigerians against investing in the ponzi scheme, Mavrodi Mundial Moneybox (MMM), The Nation reports.   CBN Director of Development Finance Dr. Mudashiru Olaitan gave the warning at a business leaders’ conference with the theme: “Prospering in a recession”, organised by EZ37 Solutions in Ibadan.     ...

Read More »

The presidency’s response to the Emir Muhammadu Sanusi II is most pedestrian – Reno Omokri

It's only fair to share...The presidency’s response to the Emir of Kano, Emir Muhammadu Sanusi II is most pedestrian. How can anyone in his right mind call Sanusi Lamido ‘ignorant’! Really? Ignorant!! Even if Garba Shehu was directed to issue that statement he should also direct his mind to know that there is life after directives! Even before President Muhammadu ...

Read More »

APC once celebrated Emir Sanusi, how sad the Presidency now calls him ignorant –  Senator Ben Bruce

It's only fair to share...A great drama is currently playing out between the Emir of Kano, Emir of Kano, Muhammad Sanusi II, and the presidency.   The presidency on Saturday, December 3, faulted the Emir who criticized the financial policies of President Muhammadu Buhari’s administration, while accusing the Central Bank of Nigeria (CBN) of illegally lending to the federal government. ...

Read More »

$29.9b Loan: Emir Sanusi does not have his facts as far as those issues are concerned – FG

It's only fair to share...Malam Garba Shehu, the Senior Special Assistant on Media and Publicity to the President, said the money is meant for the execution of developmental projects across the country. President Muhammadu Buhari had in October requested the National Assembly to approve a foreign loan of 29.9 billion dollars to fund developmental projects across the country between 2016 ...

Read More »

Debt Service Deductions: FG Approves Refund Of N522.74 Billion To States

It's only fair to share...President Muhammadu Buhari has approved a total of N522.74 billion to be disbursed to states as reimbursement for over-deductions on external debt service. A statement issued on Friday, December 2, 2016 by Festus Akanbi, media aide to the minister of finance, Mrs. Kemi Adeosun said the debt service deductions were in respect of the Paris Club, ...

Read More »