Emefiele Archives — Page 9 of 10

November 16, 2016 No Responses

Ministry to recover un-remitted N450B from CBN, SEC, NAFDAC, others

The Federal Ministry of Finance has raised a committee to recover unremitted operating surpluses of agencies of government, running into N450billion. The committee led by the Accountant General of the Federation, Alhaji Ahmed Idris, is to reconcile the operating...

October 31, 2016 No Responses

CBN to sanction fraudulent bank customers

Worried by reported cases of fraud, the Central Bank of Nigeria (CBN) is to put modalities in place to sanction fraudulent bank customers nationwide. Speaking at the October meeting of Nigeria Electronic Fraud Forum (NeFF) in Lagos, CBN Director,...

October 2, 2016 No Responses

Emefiele lauds security agencies on prompt rescue of wife from kidnappers

The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele has commended security agencies for the prompt rescue of his wife from kidnappers. Emefiele also vowed that he would not succumb to any intimidation in the course of performing...

September 4, 2016 No Responses

‘Foreigners can now invest in T-Bills, others’

The Central Bank of Nigeria (CBN) has unveiled new guidelines which empowers foreigners to invest in short-term debts and securities. Under the arrangement, foreigners can now invest in Treasury Bills (T-Bills), Federal Government Bonds, certificates ...

September 1, 2016 No Responses

CBN lifts forex ban on eight banks

The Central Bank of Nigeria (CBN) has re-instated eight banks banned from operating in the country’s foreign exchange market. The re-instated Banks are First Bank of Nigeria (FBN), First City Monument Bank Plc, Diamond Bank Plc, Sterling Bank Plc,.....

August 31, 2016 No Responses

CBN approves 11 international money transfer operators

The Central bank of Nigeria (CBN) has licensed 11 new international money transfer operators (IMTOs) to do business in the country’s foreign exchange market. A statement issued by CBN spokesperson Isaac Okorafor, explained that the licensing was in further...

August 23, 2016 No Responses

Manufacturers to get 60% forex

Still in search of a healing balm for the economy, the Central Bank of Nigeria (CBN) has directed Authorised Dealers (banks) to allocate 60 per cent of their Foreign Exchange, (forex) purchases from all sources (interbank inclusive) to manufacturers an...

August 21, 2016 No Responses

Emefiele emerges President of African Central Banks

(NAN) The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been elected President of the Association of African Central Banks (AACB). Mr. Emefiele, who was elected at the 39th Ordinary meeting of the Assembly of Governors of...

August 10, 2016 No Responses

‘Don’t sell more than $30,000 per week to BDC’

The Central Bank of Nigeria (CBN) on Tuesday directed Bureau De Change (BDCs) operators not to sell foreign exchange above two per cent margin of the buying rate. This is contained in a statement in Lagos signed by W.D Gotring,...

August 4, 2016 No Responses

Shareholders laud CBN policy on cheque deposit into savings account

By Moses Ebosele – Shareholder activist and Co-Founder of Nigeria Shareholders Solidarity Association (NSSA), Alhaji Gbadebo Olatokunbo, has commended recent Central Bank of Nigeria (CBN) directive approving payment of cheques into savings accou...

August 3, 2016 No Responses

‘Beware of unregistered money transfer operators’

By Moses Ebosele – The Central Bank of Nigeria (CBN) on Tuesday cautioned Nigerians within and outside the country to beware of the unwholesome activities of some unlicensed International Money Transfer Operators (IMTOs) in Nigeria. In a statem...

July 27, 2016 No Responses

CBN raises interest rate to 14 per cent

The Central Bank of Nigeria (CBN) has raised monetary policy rate (MPR) from 12 per cent to 14 per cent as part of measures to curtail inflation. CBN Governor, Godwin Emefiele explained at the end of the Monetary Policy Committee...

July 24, 2016 No Responses

CBN direct banks to sell forex to BDCs

By Moses Ebosele – AS part of measures to ensure stability of the Exchange rate, the Central Bank of Nigeria (CBN) has directed agent banks approved for international money transfer operators to sell foreign currency accruing from inward money remittan...

July 13, 2016 No Responses

FBN Capital partners Oxford Business Group on research

By Moses Ebosele – FBN Capital has signed a research Memoradum of Understanding (MoU) with Oxford Business Group (OBG). Under the aggrement, a report by OBG will examine the Central Bank of Nigeria’s monetary policy, review the country’s recently-r...