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Myriad of CBN’s policy and programme intervention: Stakeholders, industry watchers excited, laud apex bank’s leadership
With the myriad globally accepted and farsighted economic policy intervention to reflate the economy coupled with the banning by the Central Bank of Nigeria (CBN) of banks, non-banking institutions and other financial institutions from facilitating trading and dealings in cryptocurrency, stakeholders and industry watchers have lauded the apex bank, who noted that China took a cue from the CBN’s action.
Social critic and ex-CBN Deputy Governor, Obadiah Mailafia, passes on
Mailafia was invited for questioning by the Department of State Services (DSS) early in the year following an allegation by him that a serving governor is the commander of Boko Haram.
Bitt Incorporation engagement: CBN gets seven-day ultimatum to provide details of bidding process
…HEDA Resource Centre says request in pursuant to the Freedom of Information Act
Ban of forex to BDC: Nigerians posing as travellers besiege banks in Lagos, Abuja for forex with fake documents, resell at black market
Devise fraudulent and disingenuous ways of getting foreign currencies from the banks in what is referred to as round tripping of foreign currencies
Again, SERAP hales Buhari to court over $25bn overdrafts from CBN
…. wants details of the projects on which the overdrafts were spent and the repayments of all overdrafts to date
FG/CBN power intervention: 4m free prepaid meters to be rolled out
Persecondnews recalls that the Apex Bank had in keeping with its promise to augment government’s distribution of free prepaid meters with additional four million units and also gave N33.45 billion to nine DisCos for the procurement of 605,852 meters.
We printed money but not in the coloration of Gov. Obaseki — CBN Gov.
We managed to just come out of it with a hairsbreadth and we are working to see how not only to have our head above water but get our waist above water. That is what we are focused on right now’
FG printed N50bn to augment March revenue shortfall in Federation Account — governor
“Major oil producers like Shell and Chevron, which hitherto made huge financial commitment to oil production, are no longer investing as much, especially with Chevron heavily investing in alternative fuel”
Alleged “corruption scandal’’ at NIRSAL: It’s a bush telegraph, criminal distortion of CBN-NIRSAL internal memo
“It is the latest in a string of fabricated attacks against NIRSAL Plc in the ferocious and intensely personalized campaign against the Corporation’s MD/CEO, Mr Aliyu Abdulhameed’’
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