The association of telecommunications operators of Nigeria (ALTON) on Thursday urged banks to prioritize the payment of their unstructured supplementary service data (USSD) debt, which he said had increased to N200 billion.
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The Country Director, Agricultural and Construction Equipment Division, Tata Africa Services Nigeria , Engr. Chijioke Okoli, says the failure of successive administrations to priorities mechanization is a key reason the country’s agriculture is underperforming despite the much talked about potentials of the sector.
A High Court of the Federal Capital Territory, FCT, sitting at Maitama, has ordered release of Emefiele from detention, despite objections from both the Attorney-General of the Federation, AGF, and the Economic and Financial Crimes Commission, EFCC.
“For the avoidance of doubt, while reiterating that there are sufficient banknotes across the country for all normal economic activity, we wish to state unambiguously that every banknote issued by the Central Bank of Nigeria remains legal tender and should not be rejected by anyone, as stipulated in Section 20(5) of the CBN Act, 2007.
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price stability.
The House of Representatives Public Accounts Committee has summoned the Central Bank of Nigeria (CBN) and 11 Electricity Distribution Companies (DISCOs) in connection with alleged mismanagement of the US$321 million and N18.2 billion loans.
The central bank of Nigeria (CBN), has assured Nigerians that there is adequate supply of naira notes in the economy.
The Central Bank of Nigeria (CBN) says it has no be plans to redenominate Nigeria’s legal tender, the Naira.
A Federal High Court (FHC), Abuja, on Monday, ordered the Economic and Financial Crimes Commission (EFCC) and Central Bank of Nigeria (CBN) to immediately transfer the sums of $9.8 million and £74,000 recovered from Mr Andrew Yakubu, former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) to an account under the control of the chief registrar of the court.
Some stakeholders have urged the Central Bank of Nigeria (CBN) to exercise caution in its reversal of certain monetary policy decisions.