A consulting firm, Melrose General Services Limited, has filed a contempt charge against the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, and its Director of Legal Services, Salam-Alada Kofo, over dispute on the Paris Club refund. The company instituted the suit marked:… CBN gov faces contempt charge over Paris Club refund …C0NTINUE READING HERE … Read more
Paris Club refund: Consultant files contempt charge against CBN | TheNewsGuru … Paris Club refund: Consultant files contempt charge against CBN …C0NTINUE READING HERE >>>>
The Central Bank of Nigeria has warned licenced Bureau De Change Operators and financial institutions in the country against violating its anti-money laundering and counter-terrorism financing framework. The apex bank issued this warning in a circular signed by its director of… CBN warns BDCs, banks to tighten compliance on anti-money laundering, counter-terrorism regulations …C0NTINUE READING … Read more
The House of Representatives Special Committee, tasked with investigating the use of take-off grants, bailout funds, and intervention allocations to government institutions, summoned key government bodies on Thursday to answer questions about their fund utilisation… House Committee Investigates Mismanagement Of Government Funds, Summon CBN Gov, AGF …C0NTINUE READING HERE >>>>
The naira further depreciated against the dollar at the official foreign exchange market to end trading on Thursday as the Central Bank of Nigeria issued Bureau de Change operators a warning to comply with its anti-money laundering and counter-terrorism financing… Naira continues depreciation against dollar as CBN issues BDC operators warning …C0NTINUE READING HERE >>>>
The Central Bank of Nigeria, CBN, has cautioned deposit money banks against sourcing capital from illicit channels as part of the ongoing recapitalisation exercise, stressing that such actions could destabilise the financial system. Speaking at the 36th Finance Correspondents… CBN warns banks against illicit funds in recapitalisation drive …C0NTINUE READING HERE >>>>
The Central Bank of Nigeria (CBN), says recapitalisation of Nigerian banks is crucial to the march towards achieving a one-trillion dollar economy. CBN’s Deputy Governor, Corporate Services, Emem Usoro, said this on Monday in Abuja, at the ongoing 36th edition of the Finance… Bank recapitalisation crucial to achieving $1trn economy – CBN …C0NTINUE READING HERE … Read more
The Federal High Court sitting in Abuja is set to hear a suit filed by the Association of Local Governments of Nigeria (ALGON) against the Central Bank of Nigeria (CBN) and other federal agencies regarding the implementation of local government autonomy. Henzodaily reports… 774 LGs File Suit Against CBN, AGF, States, Others Over Autonomy …C0NTINUE … Read more
The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of 6.83 billion dollars for the 2024 financial year. According to a statement issued by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this marks a decisive turnaround from… Economy resurgence: CBN declares $6.83bn balance of payments surplus …C0NTINUE READING HERE >>>>
The Central Bank of Nigeria has announced a balance of payments surplus of $6.83 billion in 2024, an improvement from $3.34 billion and $3.32 billion in 2023 and 2022, respectively. This was disclosed in a statement by the apex bank’s acting spokesperson, Sidi-Ali Hakama, on… Nigeria posts $6.83bn balance of payments surplus as Diaspora remittances … Read more