The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has narrated how the apex bank uncovered $ 2.4 billion fraud in Forex trading.
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The Central Bank of Nigeria (CBN), has removed allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs).
The Central Bank of Nigeria (CBN) says it has released 500 million dollars to various sectors in its determination to address the backlog of verified foreign exchange transactions.
The Central Bank of Nigeria (CBN) says it has paid approximately two billion dollars in its bid to clear the backlog of outstanding foreign exchange liabilities across various sectors.
The Association of Telecommunications Companies of Nigeria (ATCON) on Friday urged the House of Representatives to support intervention initiatives for the development of the telecommunications sector.
Against the backdrop of indications that the Federal Government is putting in place measures to achieve exchange rate target of N500-N600/$1, while reorganizing the banking sector, various private sector institutions and financial experts have expressed divergent views over the feasibility and the benefits of the goals.
The Central Bank of Nigeria (CBN) says it has no be plans to redenominate Nigeria’s legal tender, the Naira.
It was Sir Hubert Henderson, the British economist and Liberal Party politician that said, there is a merit in being unimportant, which he paraphrased in a book under the caption, “The Importance of Being Unimportant.” Sir Henderson expressed the idea that, under the right conditions, it is desirable to be a very small part of something big. One needs not be an expert in English language to understand that Sir Henderson was talking about the goodness or distinction of modesty, particularly with respect to the righteousness of rectitude and the enviable quality of being moderate in behaviour. And precisely that is the quality that I think is missing in the displayed attitude of the now suspended Governor of Nigeria’s Central Bank, Chief, Godwin Emefiele.
A financial expert, Prof. Uche Uwaleke, says the Ways and Means Advances of the Central Bank of Nigeria (CBN) to the Federal Government is strictly within the purview of the apex bank.
The National Association of Microfinance Banks (NAMB) has renewed its call on the Central Bank of Nigeria (CBN) to always Involve MfBs in the formulation and implementation of key policies.