By Emeka Anaeto, Economy Editor Chairman of BCAN, Dr. Uju Ogubunka, told Vanguard yesterday that the association was meeting this week to, among other things, marshal out course of action to protect customers’ right to full and unrestricted access to their account, irrespective of their BVN status. Several banks had sent out messages to their […]
By Emeka Anaeto, Economy Editor Barely 24 hours to thedeadline for Bank Verification Number, BVN, less than half of the 52 million bank customers have been registered, a development that may have caused discomfort in the banking industry. Central Bank of Nigeria, CBN, had said no extension would be made while non-registered bank customers would […]
CBN Governor, Mr. Godwin Emefiele The naira fell further to a new record low of 235 to the dollar at the parallel market on Thursday, as dollar shortages persisted, foreign exchange dealers said. The President, Association of Bureau De Change Operators, Aminu Gwadabe, said people were holding dollars to protect themselves against further naira […]
Gives reasons for excluding rice, others from forex Says importers can’t access forex in any market By Emma Ujah, Abuja Bureau Chief ABUJA — The Central Bank of Nigeria, CBN, yesterday said that importers of rice, cement and other products will no longer access Foreign Exchange from CBN, banks and bureaux de change for such […]
Written by Nduka Chiejina, Abuja (Assistant Editor)The Bankers’ Committee yesterday said total bank credit now stands at between N13 trillion and N14 trillion, adding that three per cent of this huge credit is not performing. Addressing reporters in Abuja yesterday at the end of the Bankers’ Committee meeting, Director, Banking Supervision, Central Bank of Nigeria […]
The Naira and dollar The Central Bank of Nigeria on Thursday made a slight adjustment to its naira-dollar exchange rate peg, data on its website showed. The bank adjusted the rate at which it sold the United States dollar from N197 to N196.95, Reuters reports. Prior to Thursday’s action, the rate had been oscillating […]
CBN Governor, Mr. Godwin Emefiele The Central Bank of Nigeria on Tuesday raised concerns over the increasing use of foreign currencies as a medium of exchange in the country and warned that persons caught in the illegal act risked a six-month jail term upon conviction. The central bank said in a statement that some individuals […]
By Jideofor Adibe | London, UK | Feb. 13, 2015 – I will like to start this disinterested intervention in the media feud between Professor Chukwuma Soludo, former Governor of the Central Bank and Dr Ngozi Okonjo-Iweala, Co-ordinating Minister of the Economy, with a full disclosure: I have known Soludo from our undergraduate days (1980-1984) […]
CBN Governor, Mr. Godwin Emefiele DEVELOPMENTS in the foreign exchange market are putting the Central Bank of Nigeria under intense pressure to further devalue the naira. The currency has been experiencing free fall since November 25, 2014 when the CBN Monetary Policy Committee devalued it by eight per cent from 155 to 168 against […]
I read some of the responses to my article, “Buhari vs Jonathan: Beyond the Election”, and I want to thank everyone who has contributed to the debate. I am glad that the debate has finally taken off. I have decided, for the record, to re-enter the debate if only to set some records straight and […]
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