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FG adds more economic woes on Nigerians

Godwin Emefiele Nigeria's Central Bank Governor...see how 'safe' your banks are

*Re-introduce banking charges to several pilfering billings Central Bank of Nigeria (CBN) has re-introduced charges on deposits and withdrawals despite the very harsh economic hardship that is already strangulating the citizenry. The disclosure was made at the weekend following the Bankers’ Committee 493rd meeting held on Tuesday. In addition to …

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FG establishes agencies to aid export promotion -Awolowo

*Kaduna International Trade Fair on now In a bid to boost export trade and foreign earnings, the Federal Government has mandated the Nigerian Investment Promotion Commission and the Presidential Enabling Business Environment Council (PEBEC) to join the existing export agencies. Disclosing this at the weekend was the Director General of …

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Osinbajo crashes Dollar badly, now N398

Prof Yemi Osinbajo praises DFID, UK government

*Economic pundits applaud tiered exchange rates By Olajide Fashikun Acting President Yemi Osinbajo may have been certain things right such that has led the Central Bank of Nigeria (CBN) to have adopted the tiered exchange rate. Within the last 144 hours, the Naira has been strengthened. As at last night, …

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CBN returns cashless charges on bank deposits

Central Bank of Nigeria (CBN) Thursday, returned charges on cash deposits in banks, which would take effect at different dates in different parts of the country. Director, Banking and Payments Systems Department, Mr. Dipo Fatokun, announced this in a circular entitled: “Circular on nationwide implementation of the cashless policy.” The …

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Ecobank account with N8.4bn, no signatory discovered

*Owners of account not known Who owns the Ecobank account in which N8.4billion has been found? This is the puzzle EFCC and the Office of the Attorney-General of the Federation’s detective are battling to resolve, following the discovery of the bank account which has no signatories. The huge deposit has been traced …

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FG, states, LGs share N465bn for January

Kemi Adeosun Nigeria's Finance Minister...announced a lower February allocation

By Sandra Onyekwere N465.149 billion has been distributed as Federal Allocation for the month of January, 2017 between the Federal Government, State Governments and Local Government Councils. The communiqué issued by the Technical sub -Committee of Federation Accounts Allocation Committee (FAAC) at the end of the meeting Tuesday indicated that …

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We won’t need IMF loan – Adeosun says on CNBC Africa interview

Federal Government, Tuesday, ruled out the option of obtaining any loan facility from the International Monetary Fund (IMF) stating that the country was not having a balance of payment problem. It also cited the painful and stringent conditions associated with borrowing from the organisation. Speaking in an interview monitored on …

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AGF queries CBN Gov over Forex, other scandals

Mr. Abubakar Malami (SAN)...to reposition for better service delivery

  Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), has said there are corruption allegations in the Central Bank of Nigeria’s foreign exchange allocation and transactions. Malami added, on Wednesday, that the fraud allegations were “supported by several documents.” A seemingly subtle query issued by …

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TSA yielded over N5trillion, saved N4.5bn as costs of bank accounts – AGF

*Consolidated over 200,000 bank accounts by MDAs Mr. Ahmed Idris, the Accountant-General of the Federation, has noted that the quality of leadership provided by President  Muhammadu Buhari, which he described as of rare courage and political will is a major reason for the successes so far achieved by the Treasury Single Account …

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