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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.
Boardroom politics: CBN sacks First Bank Board of Directors, reinstates Adeduntan as MD
Emefiele who praised Adeduntan, said his removal was because he stood his ground and insisted that the right things must be done in defiance of some majority stakeholders.
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”
How NIRSAL Grew Seed Capital to N131bn in Three Years
Brings over 408,000 farmers into CBN financing window
FG to CBN, SEC: Regulate Cryptocurrency, don’t prohibit
…VP Osinbajo says monetary authorities, SEC should provide robust regulatory regime for its operation
N148bn credit facility doled out for agribusiness, agriculture across Nigeria, says NIRSAL
Commends prudent management of resources and good corporate governance of the CBN governor.
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