The Central Bank of Nigeria has directed all commercial banks to publish on their websites the names and Bank Verification Numbers of customers who engage in fraudulent practices to obtain foreign exchange from banks. The apex bank issued the directive in a circular signed by its Director in the Banking Supervision Department, Haruna Mustafa. Mustafa outlined the…
The Monetary Policy Committee of the Central Bank of Nigeria has again retained the monetary policy rate at eleven-point five percent. CBN Governor, Godwin Emefiele, made the announcement at a news conference at the bank’s headquarters in Abuja. The Central Bank Governor also complained about the negative effect of insecurity in Nigeria on the nation’s economy. Godwin…
The Federal Government has admitted that Nigeria is facing a serious economic challenge. As a result of this challenge, state governments have been advised to look for means to increase their internal revenue generation. This was made known by the Minister of Finance, Budget and National Planning, Zainab Ahmed. Ahmed, who spoke on a television programme yesterday,…
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at eleven point five percent. The Governor of the Central Bank of Nigeria, Godwin Emefiele, made the announcement at a media briefing after the meeting of the MPC. Emefiele said the MPC expects to see improvement in the economy through sustained…
The Senate has summoned the Governor of the Central Bank of Nigeria, GODWIN EMEFIELE. The CBN Governor is expected to brief the federal lawmakers about the suspension of bank accounts that are used for cryptocurrency transactions. The Senate took the decision based on a motion by Senator ISTIFANUS GYANG in reaction to the CBN’s directive to financial…
The main opposition People’s Democratic Party has called for the resignation of the Governor of the Central Bank of Nigeria, GODWIN EMEFILE. The PDP said it made the call after a review of the poor state of the Nigerian economy in the last five years. The party alleged that EMEFIELE’s actions in the CBN are based on…