CBN warns Shippers, Shipping Companies in Nigeria
Non-compliance by shipping lines to the directive by the Federal Government that all export goods leaving the country should carry Nigerian Export Proceeds (NXP) numbers was the focus of discussions during a meeting recently convened by the Central Bank of…
Can Nigeria survive naira devaluation, COVID-19 crisis, oil price crash?
Though the Central Bank of Nigeria (CBN) has continued to deny the fact that it had technically devalued the Nigerian naira, financial pundits refused to be confused after all. Whereas many resisted being convinced by choice of words used by…
Know Nigeria’s new Deputy CBN Governor designate; Kingsley Isitua Obiora
Kingsley Isitua Obiora, ever since rising to professional stardom, has been a serial record-breaker who has just been appointed Central Bank of Nigeria’s (CBN)s deputy governor, by President Muhammadu Buhari. Whereas his appointment is waiting for the National Assembly ratification,…
CBN swells list of forex restriction, includes textile, clothing materials
…Plans anchor scheme for local investors In what looked like answered prayers in the minds of struggling indigenous textile stakeholders, the Central Bank of Nigeria (CBN) Tuesday announced inclusion of textile and allied clothing materials into the basket of restrictions…
CBN threatens banks’ CEOs, chairmen with sack in case of delayed annual results
The Central Bank of Nigeria (CBN) has read fresh riot Act to chief executives and board chairmen of commercial banks warning that any observed delay in the publication of their audited annual results and accounts at the end of the…
Nigeria’s monetary policy template to become obsolete, risky from tomorrow if…
One of the key issues being considered by prospective investors both local and foreign remains the momentary decisions of the Central Bank of Nigeria’s Monetary Policy Committee (MPC). The decisions which chiefly include interest rate setting come once within two…
