The Senate and excess ATM charges
The Senate resolution on banks in the country imposing excessive and illegal charges on their customers’ ATM transactions is significant and timely. According to reports, the resolution specifically directed the Committee on Banking, Insurance and Other Financial Institutions and Finance to conduct an investigation into the propriety of ATM card maintenance charges in comparison with…
Social issues, product development bane of inclusion, says CBN
The earlier financial inclusion strategy of banks’ branch expansion and opening up of more micro finance banks has been overtaken by technological advances, but poor product developments and social issues are now challenging ongoing reforms, the Central Bank of Nigeria (CBN) has said.
Policy on 41 items to stimulate economy, says CBN
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has said the apex bank’s decision to restrict access to the foreign exchange (forex) official window for the importation of 41 items...
Why government can’t open borders now, by CBN
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has said the porous nature of the nation’s entry points for indiscriminate importation of good...
Nigeria to sell Ajaokuta, others for 2018 budget
The Federal Government is ready to offer more of its assets for sale soon, under the ongoing privatisation programme aimed at raising more money to implement the country’s 2018 deficit-based budget.Just recently, the Nigerian Security Printing and Minting Company Limited Plc...
CBN, IMF, FMDA harp on economic reforms
The Central Bank of Nigeria (CBN), International Monetary Fund (IMF), and Financial Market Dealers Association (FMDA), were unanimous in calling for a rule-based financial system, compliance and support for the nation’s economy to ensure overall stability.
CBN upbeat on resolution of MTN’s $8.1b repatriation saga
Central Bank of Nigeria (CBN) Governor Godwin Emefiele yesterday said he was optimistic that the alleged illegal $8.134 billion repatriation dispute involving MTN and its lenders would be resolved amicably.
CBN’s sanctions on MTN, banks: Too many loose ends
There is something unseemly about the sanctions and the circumstances around the sanctions issued by the Central Bank of Nigeria (CBN) on the unfortunate five: MTN Nigeria and four financial institutions.
How MTN, four banks perpetrated $8.13 illegal deal, by CBN
The Central Bank of Nigeria (CBN), yesterday, gave details of how MTN Nigeria Limited and four banks perpetrated the $8.13 billion illegal transactions, using false information and deliberate disregard for the rules.