Tags : CBN

DSS Invites Ex-CBN Deputy Governor Mailafia

The Department of State Security Services (DSS) has once again invited the former deputy Governor of the Central Bank of Nigeria (CBN), Dr Obadiah Mailafia, to its office in Jos, the Plateau State Capital. Dr Mailafia, who was also the presidential candidate of the African Democratic Congress (ADC) has previously been interrogated by officials of […]

Food, Fertilizer Importation: Buhari Orders CBN To Pay No Kobo

In his quest to boost the agriculture sector of Nigeria, President Muhammadu Buhari has echoed his administration’s commitment to ensuring Nigeria is self-sufficient in food production. President Buhari directed the Central Bank of Nigeria “not to issue a kobo” of the Country’s reserves for the importation of food items and fertilizer. The President, at a […]

Mailafia Re-Invited By DSS

A former Deputy Governor of the Central Bank of Nigeria, Mr Obadiah Mailafia, has been re-invited by the Department of State Security (DSS) for questioning. Preparing to honor the invitation on Monday, August 17, 2020, Mr Mailafia told reporters in Jos that: “I don’t know the reason but I am going as a good citizen, […]

“CBN To Fund Research For Nigerian COVID-19 Vaccine” -Emefiele

Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, says the Country’s Apex Bank is developing a framework through which it can provide financial support to achieve a Nigerian COVID-19 vaccine. Mr Emefiele said this at the unveiling of the THISDAY Dome testing, tracing, and treatment centre in Abuja on Tuesday, May 12, 2020. […]

COVID-19: NGF Asks FG To Cancel All Deductions, Restructure Debts

Members of the Nigeria Governors Forum (NGF) have urged the Federal Government to cancel all funds deductions from States. The Governors also asked the Central Bank of Nigeria (CBN) to restructure all commercial debt service payments from States. The NGF Chairman, Governor Kayode Fayemi said this at the Governor’s COVID-19 teleconference meeting held on Sunday, […]

Reps To Investigate CBN, Others Over $30 Billion Revenue Leakages

The House of Representatives at it’s plenary adopted a motion to investigate the disbursement of foreign exchange by the Central Bank of Nigeria and other agencies. The house aims at unravelling an alleged loss of over 30 billion dollars annually as a result of revenue leakages arising from tax evasion, malpractices, mis-use and diversion of […]

CBN Returns Over N60 Billion Excess Bank Charges To Customers

The Central Bank of Nigeria (CBN) on Thursday disclosed that it has returned to customers the over 60 billion excess bank charges recovered from erring banks . The CBN Director of Corporate Communications, Mr. Isaac Okoroafor  disclosed this while speaking during a two-day customers sensitisation forum in Owerri, the Imo State capital. Okoroafor, who also […]

“Nobody Should Pay ₦50 Charges On POS Transactions” -CBN

The Central Bank of Nigeria (CBN) has clarified the issue of payments of ₦50 charges by merchants who use Point of Sale (POS) machines for cashless transactions, insisting that nobody should pay extra on goods and services. The CBN explained that the ₦50 stamp duty is a fee regulated by an act that directs merchants […]