The court hearing between the Central Bank of Nigeria (CBN) and MTN over the alleged repatriation of funds amounting to $8.1 billion has ended in an adjournment. Sitting at the Federal High Court in Ikoyi, Justice Saliu Saidu, after hearing…
‘Why government must use capital market for privatisation’ (Guardian)
As the Federal Government steps up plans to offer more of its assets for sale under the ongoing privatisation programme, stakeholders in Nigeria’s capital have renewed the call to ensure that the exercise is done through the capital market. The…
Group urges CBN to enforce ban on sale of new Naira notes (Independent)
Prof. Ishaq Akintola, the Director of Muslim Rights Concern (MURIC), an NGO, has urged the Central Bank of Nigeria (CBN) to enforce the ban on sale of new naira notes at parties. Akintola, who made the plea in Lagos on…
Central Bank of Nigeria allays fears over declining external reserves (Leadership)
Amidst concerns over the continuous drop in the volume of the nation’s foreign reserves, the Central Bank of Nigeria (CBN) said yesterday that there is no need to panic. Nigeria currently has a foreign reserves gross rate of about $44.3…
2006-2018: The short eventful life of Skye Bank (Leadership)
Born in 2006 from a union of four banks, the entity, Skye Bank Plc, has been through several transfusions and finally transformed into Polaris Bank on Friday, September 21, 2018 after being on life support for more than two years.…
Osun poll: Security beefed up at INEC, CBN in Osogbo (Vanguard)
Ahead of the Saturday’s governorship election in Osun, security has been beefed up around the Independent National Electoral Commission (INEC) office along Gbongan/Ibadan Road, Osogbo. Heavy security presence was also noticed at the entrance of Central Bank of Nigeria (CBN),…
MTN provides further clarity over CBN allegations
MTN Nigeria has issued another official statement on the stories making rounds in the media about the telecom company, the letter on CCIs from the Central Bank of Nigeria (CBN) and four banks. Read the statement below: Update on the…
MTN Nigeria refutes CBN Sanction claim, says it’s a responsible corporate citizen
MTN Nigeria has reacted to the news about a Central Bank of Nigeria (CBN) correspondence requesting that $8.1 billion be refunded to the apex financial institution. The correspondence alleges that Certificates of Capital Importation (CCIs) issued in respect of the…
Senate backs AMCON’s plan to publish debtors list
The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Rafiu Adebayo Ibrahim, has said that Nigeria can be made great again, if the legislature as a matter of urgency empowers the Asset Management Corporation of Nigeria (AMCON)…
Moghalu to give keynote at TheNiche anniversary lecture
Professor Kingsley Moghalu, a presidential hopeful, erudite scholar, public affairs commentator, author and erstwhile deputy governor of the Central Bank of Nigeria (CBN), will deliver TheNiche newspaper anniversary lecture on Friday, April 20. TheNiche Newspaper, published by Acclaim Communications Limited,…