Tag archive for ‘CBN’
By Bar and Bench On Monday, December 11th, 2017

Xmas: Forex market gets $514m boost

Investors price Naira below N360/$ The Central Bank of Nigeria (CBN) ended foreign exchange (forex) market transactions for the week with $303.9 million, as it earlier in the week, sold $210 million to sustain More...

By Bar and Bench On Thursday, November 23rd, 2017

Reps vow to probe CBN, others over alleged missing $60b tax revenue

Members of the House of Representatives Committee on Public Petitions on Wednesday vowed to probe the alleged missing $60.3 billion Petroleum Profit Tax (PPT) and royalty revenues in the Central Bank of Nigeria More...

By Bar and Bench On Wednesday, November 22nd, 2017

We are yet to receive Barclays Bank’s official pull-out letter on 9Mobile sales—CBN

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday said the apex bank is yet to receive any letter from Barclays Bank announcing its withdrawal from the bidding process for the sale of 9Mobile. Emefiele More...

By Bar and Bench On Wednesday, November 15th, 2017

DPR blames CBN, NPDC in alleged N6tr revenue leakages

The Department of Petroleum Resources (DPR) has blamed the Central Bank of Nigeria (CBN) for determining the rate at which royalties paid in dollars are converted to naira before remitting into the Federation Account. It More...

By Bar and Bench On Sunday, October 29th, 2017

CBN confirms Gen Babangida’s son as Unity Bank chairman

The Central Bank of Nigeria (CBN) has confirmed the appointment of Aminu, the son of former Head of State, Gen Ibrahim Babangida, as chairman of Unity Bank. In a notice posted on the Nigerian Stock Exchange website, More...

By Bar and Bench On Friday, October 20th, 2017

e-fraud: CBN orders banks to keep database of fraudulent customers

In a bid to further curb the menace of fraudsters, the Central Bank of Nigeria (CBN) on Thursday directed banks to establish a database of their customers identified through their Bank Verification Numbers (BVNs) More...

By Bar and Bench On Monday, October 9th, 2017

Ogbeh gives CBN thumbs up for embargoing 41 forex items

Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has applauded the Central Bank of Nigeria’s (CBN) Governor, Godwin Emefiele for restricting foreign exchange (forex) supply for the importation More...

By Bar and Bench On Friday, October 6th, 2017

CBN gets new deputy governor, MPC members

President Muhammadu Buhari on Thursday appointed Mrs. Aisha Ahmad as a deputy governor of the Central Bank of Nigeria. Ahmad is to replace Mrs. Sarah Alade at the apex bank, who retired early this year. According More...

By Bar and Bench On Wednesday, September 13th, 2017

Mobile money transaction, balance get new limits, says CBN

THE Central Bank of Nigeria (CBN) has adjusted daily mobile money wallet transaction and balance limit. The apex regulatory financial institution as well reviewed the Bank Verification Number (BVN) requirement More...

By Bar and Bench On Monday, September 11th, 2017

Why we inject fresh $250 million into FOREX market—CBN

To keep the inter-bank market liquid, the Central Bank of Nigeria (CBN), has again injected another $250 million into the foreign exchange market. CBN’s spokesperson, Isaac Okorafor, who made the disclosure on More...