central bank of nigeria (cbn) news

The naira has been firming up in the last few days as politicians pumped stockpiled dollars into the economy for campaigns, The Nation has learnt. The naira, which exchanging at N361 to.... Read more via Nairaland – https://ift.tt/2Nglq8V Get more: Nigeria Business News

Diamond Bank Plc has revealed that it currently controls 40 percent of the volume of Unstructured Supplementary Service Data (USSD) transaction in the banking sector..... Read more via Nairametrics – https://ift.tt/2NQ4CdM Get more: Nigeria Business News

The Nigerian Shipowners Association (NISA) has raised a fresh alarm over an alleged missing $300 million from the Cabotage Vessels Finance Fund (CVFF) between 2008 and 2015..... Read more via TODAY.NG – https://ift.tt/2R4JAWK Get more: Nigeria Business News

The Monetary Policy Committee (MPC) on Tuesday ended its two-day meeting with a strong warning that Nigeria’s economy risks slipping into another recession if there is no synergy between monetary and fiscal policies to ensure macroeconomic stability.... Read more via Premium Times Nigeria –...

The Central Bank of Nigeria (CBN) may have a battle on its hands following the revocation of Skye Bank’s operating licence on Friday. In a press release, issued Friday, the apex bank hinged its decision on the inability of shareholders to recapitalise the bank.... Read more via Nairametrics –...

The Nigerian Stock Exchange (“The Exchange” OR “NSE”) hereby notifies the investing public that the shares of Skye Bank Plc (“Skye Bank”) will be suspended from trading on the floor of The Exchange effective Monday, 24 September 2018. This action is taken following on the recent regulatory...

Shareholder groups across the country have reacted bitterly to the takeover of Skye Bank Plc following the revocation of its operating license by the Central Bank of Nigeria (CBN) on Friday.... Read more via Ladun Liadi’s Blog – https://ift.tt/2OKJOAW Get more: Nigeria Business News

Financial experts and shareholders on Saturday expressed mixed reactions over the decision of the Central Bank of Nigeria (CBN) to revoke the licence of Skye Bank..... Read more via Premium Times Nigeria – https://ift.tt/2QMrj0i Get more: Nigeria Business News

The Nigerian National Petroleum Corporation has vowed that none of its funds in a commercial bank will be subjected to the payment of five per cent to any whistle-blower. Hinting at a possible move by a whistle-blower to claim five per cent of funds allegedly stashed and recovered from … Read...

The recent revocation of the license of Skye Bank by the Central Bank of Nigeria (CBN) has continued to generate divergent reactions from Nigerians. The Apex bank yesterday announced the establishment of a... Read more via Nairametrics – https://ift.tt/2NyCDPG Get more: Nigeria Business News

Shares in South Africa’s MTN rose 5 percent on Thursday, after Nigeria’s central bank said on Wednesday that it was reviewing information provided by the telecoms firm and four banks over a dispute on the repatriation of dividends.... Read more via Reuters News – https://ift.tt/2xC2agb Get...

A former Deputy Governor of the Central Bank of Nigeria, Dr. Obadiah Mailafia will today (Thursday) submit his intention and nomination forms to contest for the presidential election come 2019... Read more via Daily Post Nigeria – https://ift.tt/2xEkfdE Get More Nigeria Political News

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 … Read more via The Guardian Nigeria...

FORMER Deputy Governor of the Central Bank of Nigeria, CBN, and Presidential aspirant of the Young Progressives Party, YPP, Kingsley Moghalu has challenged President Muhammadu Buhari to a public debate.... Read more via Vanguard Newspaper – https://ift.tt/2x8JULY Get More Nigeria Political News

The Central Bank of Nigeria (CBN) will issue a total of N1.02 trillion worth of Treasury Bills and would roll over the same amount in the fourth quarter of 2018. The CBN stated this in the.... Read more via BusinessDay News – https://ift.tt/2N5DeZa Get more: Nigeria Business News

MTN Nigeria Communications Limited (MTN Nigeria) which continues to categorically and unequivocally deny all charges related to the Central Bank of Nigeria (CBN) and Attorney General of the Federation (AGF) investigations into the company’s CCIs and unpaid taxes respectively has.... Read more...

In case you have been out of the loop recently, you may have missed out on the saga involving the Central Bank of Nigeria (CBN), MTN, and a couple of banks. According to the CBN, MTN in collusion with... Read more via The Guardian Nigeria Newspaper – https://ift.tt/2wMx3Oo Get more: Nigeria...

Following the receipt of the letter from the Central Bank of Nigeria on foreign exchange repatriation, MTN Nigeria has on Tuesday provided an update on the company’s position on the issue. In a statement by Mr. Funso Aina, PR Manager, MTN Nigeria, the telecoms... Read more via P.M.EXPRESS –...

The Central Bank of Nigeria (CBN) said it had set aside N220 billion to be disbursed as loans to cooperative organisations under Micro Small and Medium Enterprises Development Fund (MSMEDF)..... Read more via Premium Times Newspaper – https://ift.tt/2wEYU3f Get More Nigeria Business News

The Central Bank of Nigeria has ordered the Management of MTN Nigeria Communications Limited to immediately refund the sum of $8billion illegally repatriated by the telecoms company to the coffers of the apex bank..... Read more via Topix News – https://ift.tt/2PTI0Xf Get more: Nigeria...