Etisalat’s loan: CBN, NCC should stop tossing lenders’ around—Banks’ shareholders’
Leading capital market pundits and leadership structures of shareholders associations have waded in to the Snell speed handling of the $1.2bn syndicated loan default between Etisalat Nigeria and a consortium of 13 banks. Running for months now, Etisalat Nigeria had…
New twist as banks seek forensic investigation on how Etisalat used $1.2bn loan
Fresh strange developments seem to be trailing the ongoing determination of the destiny of embattled telecoms group, Etisalat this week. Latest on Wednesday indicates that the consortium of 13 banks, involved in Etisalat Nigeria’s $1.2bn loan has changed its game,…
Only Zenith Bank is free from N30trn Customs remittance infractions—Senate
Whereas the Senate Committee probing the Customs N30tn banks remittance infractions has given the Central Bank of Nigeria (CBN) seven days to recover all monies collected by banks on behalf of the agency without remitting them over the years, it…
ATCON renews calls for removal of ICT equipments from 41 barred from forex window
The president of Association of Telecoms Companies of Nigeria (ATCON), Engineer Olusola Teniola has renewed calls on the federal government and the Central Bank of Nigeria (CBN) in particular to reconsider its inclusion of Information and Communications technology (ICT) equipments…
Relief as CBN announce resumption of dollar sales to fuel marketers’, others
Return to business is imminent amongst the independent petroleum marketers as the Central Bank of Nigeria (CBN) has given strong signal to sell dollars to them and the airline operators. According to the apex bank, fuel importers, manufacturers, airlines and…
Recession, forex crisis weaken experts to assess 3 years of Emefiele at CBN
It would be recalled that following the disquiet circumstance leading the ouster of former Governor of Central Bank of Nigeria (CBN) and current Emir of Kano, Sanusi Lamido, former managing director of Zenith Bank, Mr. Godwin Emefiele was named by…
Exchange rates convergence emerging as forex seekers flee BDCs for black market
Preliminary indications are beginning to show that the dream of the Central bank of Nigeria (CBN) in hitting a single rate both for Bureau d’ Change (BDC) and black market operators. Since this week, foreign exchange users are experiencing the…
Hacking kingpins designing ransomware to hit N3.5tn trapped by BVN in banks
Indications have emerged revealing that Nigerian cyber criminals are now working day and night with their international hacking kingpins on a tailored ransomware attack that will hack into commercial banks and cause disruptions that will provide a window for them…
Revealed: MMM trapped Nigerians’N11.9bn on Dec 13, 2016
Fresh revelation from the 2016 annual report of the Nigeria Electronic Fraud Forum (NeFF) has shown that as at the time the Mavrodi Mondial Moneybox (MMM) Ponzi scheme bolted away from Nigeria on December 13, 2016, over N11.9 billion was…
Restricted 41items: Between CBN and former CBN Gov. Chukwuma Soludo
First of all, the 41 items are: Rice; cement; margarine; palm kernel/palm oil products/vegetables oils; meat and processed meat products; vegetables and processed vegetable products; poultry chicken, eggs, turkey; private airplanes/jets; Indian incense; tinned fish in sauce (geisha)/sardines; cold rolled…
