Uche Usim, Abuja NNPC faults Police report on alleged hidden $470.5m, N8bto have uncovered $470.5 million and another N8 billion belonging to NNPC’s Brass Liquefied Natural Gas. The Police Spokesman, Jimoh Moshood, in a statement, in Abuja, on Thursday, said the staggering sums were secretly stashed in various commercial banks, in total violation of government’s […]
The post NNPC faults Police report on alleged hidden $470.5m, N8b appeared first on The Sun Nigeria. …
Uche Usim, Abuja Scores of Skye Bank customers thronged various Automated Teller Machines (ATMs) in panic within the Abuja metropolis as soon as the news broke Friday evening that the Central Bank of Nigeria (CBN) had revoked the operating licence of the commercial bank. Aside the long queues usually seen at weekends, yesterday’s drama was […]
The post Skye Bank: Customers storm ATMs in panic withdrawal appeared first on The Sun Nigeria. …
CBN said the Bilateral Currency Swap Agreement with the Peoples’ Bank of China has continued to receive encouraging responses from customers. Uche Usim, Abuja In line with its resolve to boost operations in the retail Secondary Market Intervention Sales (SMIS), the Central Bank of Nigeria (CBN) has injected $317.52 million into that segment of the […]
The post CBN injects $317.52m, CNY 58.40m into retail SMIS appeared first on The Sun News. …
The Central Bank of Nigeria (CBN) recently called out MTN, Nigeria’s largest telecommunications company, over repatriation of dividends, asking the telco to refund the $8.1 billion. Four banks were fined N5.8 billion for
The post CBN to refund N1.3trn to MTN? A dummy’s guide to the ‘dividend’ saga appeared first on TheCable.
Omodele Adigun Less than four weeks after the Central Bank of Nigeria (CBN) slammed heavy fines on four banks and MTN, there is the likelihood that the apex bank might reverse the fines. An indication to this emerged, on Wednesday, in a statement by Mr. Isaac Okorafor, the CBN spokesman. According to him, “the banks […]
The post CBN to review CCI fines on 4 banks, MTN appeared first on The Sun News. …
The Central Bank of Nigeria (CBN) says it is reviewing the recent sanctions placed on MTN and four commercial banks. In a statement released on Wednesday, the apex bank said
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Central Bank of Nigeria has told Nigerian banks that any failed electronic transaction without reversal to the customer’s account within 24 hours will attract a fine of N10,000. The sanction takes effect from October 2nd. The apex bank stated in this in a circular on the regulation on instant interbank electronic funds transfer services in […] …
The Central Bank of Nigeria (CBN) says banks will pay a fine of N10,000 for every money transfer that exceeds four minutes. The apex bank made this known in a
The post CBN says banks will pay N10,000 fine if money transfer exceeds four minutes appeared first on TheCable.
The monetary policy committee of the Central Bank of Nigeria has kept interest rate at 14% for two years. Analysts and businesses alike have expected that the committee to cut
The post INTERVIEW: Why CBN can’t cut interest rates now, by Lukman Otunuga appeared first on TheCable.
It has certainly been an explosively volatile trading quarter thus far as investors juggled with global trade tensions, dollar strength and chaos across emerging markets. The simmering trade dispute between
The post US-China dispute, South Africa’s recession… is the naira safe? appeared first on TheCable.