Tag archive for ‘CBN’
By Bar and Bench On Friday, June 16th, 2017
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CBN plans to mop up N200bn from circulation

The Central Bank of Nigeria (CBN) has unveiled plans to mop up a total of N200.32bn from the banking sector in order to check inflation in the country,. The Acting Director, Corporate Communications Department, More...

By Bar and Bench On Tuesday, June 13th, 2017
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Naira records marginal gain, closes at 364/dollar

The naira on Monday posted a marginal gain against the United States dollar at the parallel market, closing at 364/dollar. The local currency closed at 365/dollar on Sunday. The marginal gain was recorded on a More...

By Bar and Bench On Thursday, June 8th, 2017
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N120bn Road Project: Senate summons Fashola

Moves to halt extra-budgetary spending at CBN Confirms 82-year- old as ambassador The Senate on Wednesday gave its nod to a legislation aimed at halting what it called extra budgetary expenditure by the Central More...

By Bar and Bench On Sunday, May 28th, 2017
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Forex Intervention  Policy : Oil marketer drags FG  to court

In a bid to forestall the continued implementation of alleged discriminatory Forex investment  policy to the advantage of some importer of Petroleum products, an independent Oil marketer in the down stream sector More...

By Bar and Bench On Friday, May 26th, 2017
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Court orders DSS to keep monies recovered from Justice Ngwuta with CBN

By Toyin Akinfolajimi A Federal High Court sitting in Abuja Thursday ordered the Department of State Services (DSS) to deposit the monies it recovered from the residence of a Supreme Court judge, Justice Sylvester More...

By Bar and Bench On Wednesday, May 24th, 2017
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CBN retains interest rate at 14%

Injects another $186.5m into the market The Monetary Policy Committee of the Central Bank of Nigeria (CBN) Tuesday retained the Monetary Policy Rate at 14 per cent. The MPC has not made any major monetary policy More...

By Bar and Bench On Thursday, May 18th, 2017
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Again, CBN clarifies items valid for Forex

Following misconceptions and enquiries across the market about items valid for accessing foreign exchange (forex) from the interbank market, The Central Bank of Nigeria (CBN) on Wednesday listed afresh items that More...

By Bar and Bench On Thursday, May 18th, 2017
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Alleged Chevron $5bn Fraud: Senate summons CBN, FIRS, NNPC to testify

The Senate has summoned officials of the Central Bank of Nigeria (CBN), Federal Inland Revenue Service (IFRS), National Petroleum Investment Management Services (NAPIMS) and the Nigerian National Petroleum Corporation More...

By Bar and Bench On Tuesday, May 16th, 2017
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CBN floods market with $457.3m as Naira appreciates

The Central Bank of Nigeria (CBN) has, again, injected the sum of $457.3 million into various segments of the market. The fresh intervention has caused naira to appreciate to N386 to the dollar on the parallel More...

By Bar and Bench On Friday, May 12th, 2017
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Rising Fraud: CBN plans stricter monitoring of electronic transactions

The Central Bank of Nigeria (CBN) on Thursday said it would increase its oversight on the nation’s payment systems. The Director, Banking and Payment Department of CBN, Mr. Dipo Fatokun, who made the disclosure More...