Managing Director/Chief Executive of the Corporation, Umaru Ibrahim.
The Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) are monitoring the investigations of law enforcement agencies instituted against the directors and management of the failed Skye Bank Plc to determine their culpability in the failure of the bank.
Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria(ABCON).
The naira, Tuesday closed at N363.32 to the dollar at the investors’ window while market turnover at the window stood at 51.14 million dollars.
Indications are rife that maturing treasury bills worth N415.95 billion are expected to hit the market this week.This is even as the money market will in the coming days receive inflow from the Federation Account Allocation Committee (FAAC) estimated to worth N698.71 billion.
Ahmed Kuru, Chief Executive Officer, AMCON.
The Asset Management Corporation of Nigeria (AMCON) says it plans to sell Polaris Bank within two years.Ahmed Kuru, Chief Executive Officer, AMCON, said this in an interview with Bloomberg in Lagos.
The Central Bank of Nigeria (CBN) has allayed worries over the fluctuation in Nigeria’s external reserves.It assured that with its current level at over $44 billion, there is no cause for alarm.
The Bankers’ Committee of the Central Bank of Nigeria, CBN, has said those who “spray” naira notes at parties risk going to jail for six months or earning a fine of N50,000 after trial by mobile courts that would be deployed nationwide.
The Federal Government is offering 10 companies, including Nicon Insurance Ltd. and Skyway Aviation Handling Company for sale in the last quarter of this year to raise N289 billion about $797 million toward funding the 2018 budget, the Bureau of Public Enterprises (BPE) has said.
CBN Governor Godwin Emefiele.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two day meeting and retained the Monetary Policy Rate at 14 percent.
…Says sanction on banks not punitive
Central Bank of Nigeria (CBN) has explained that the recent sanctions imposed on four Money Deposit Banks were in no way meant to deter foreign investors.
CBN’s Acting Director, Corporate Communications Department, Isaac Okorafor.
The Central Bank of Nigeria (CBN) has underscored its intention to increase the flow of credit to the real sector of the economy, in order to consolidate and sustain the nation’s economic recovery.