By EMMANUEL KUJE, Abuja – The Human and Environmental Development Agenda (HEDA Resource Centre), a preeminent non-profit organization devoted to championing transparency, accountability, and robust governance in Nigeria, has formally initiated an information request to the Nigerian National Petroleum Corporation Limited (NNPCL). NATIONAL ACCORD reports that...
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Some stakeholders in the oil and gas industry have advised Federal Government to develop well-structured government policies that can effectively revive the country’s economy. They gave the advice in a separate interviews with the News Agency of Nigeria (NAN) on Friday in Lagos against the backdrop of the...
The decision of the Central Bank of Nigeria (CBN) under President Bola Tinubu to float the naira is illegal and being challenged in court, human rights lawyer Femi Falana has said. On June 14, at a time when the naira traded between 730 and 755 to the dollar...
The Federal Government will on Thursday arraign suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, and his associates for N6.9 billion procurement fraud at the Federal Capital Territory (FCT) High Court in Abuja. Emefiele will be arraigned alongside a female CBN employee, Sa’adatu Yaro and her company,...
By DAVID IORJA, Abuja – President Bola Tinubu says a comprehensive forensic audit of the Central Bank is underway, while a thorough overhaul of the Civil Service payroll is imminent. The President disclosed this during an audience with the President of the World Bank, Mr. Ajay Banga...
A ministerial nominee from Oyo State, Mr Adabayo Adelabu, on Tuesday in Abuja advocated improved supervision and oversight on activities of the CBN by economic management ministries of the Federal Government. Fielding questions before the ministerial screening committee of the Senate, Adelabu said the CBN should never be...
A Civil Society Organisation, Save Nigeria Movement (SNM), said the Central Bank of Nigeria (CBN) should compensate Nigerians with two trillion Naira for losses during the naira redesign by the suspended Governor, Godwin Emefiele. The group said this in a letter to the CBN dated July 6 through...
The Central Bank of Nigeria (CBN) on Wednesday said that its e-Naira policy was designed to complement the existing physical Naira and to provide a more efficient, secured, and accessible means of payment. Mr Haludu Andaza, Branch Controller, CBN, Bauchi said this on Wednesday, when the Apex bank took...
By JOY ADARA, Abuja- Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Central Bank of Nigeria (CBN) over “the failure to delete the patently unlawful provisions in the Central Bank of Nigeria (Customer Due Diligence) Regulations directing banks to obtain information on customers’ social...
The House of Representatives has urged the Central Bank of Nigeria (CBN) to reveal without delay, all the interests and principal sums on the investments in the Excess Crude Account (ECA) Petroleum Profits (PTT) and Royalty Account to the Auditor-General for the Federation’s Office. The call was sequel to...
A financial expert, Mr Okechukwu Unegbu, has decried the proliferation of “loan sharks” in the Nigerian financial system, describing them as dangerous to the economy. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), said this in an interview with the News Agency of Nigeria...
The House of Representatives has directed the Central Bank of Nigeria (CBN) to stop its directive on addition of social media handles as part of `Know Your Customer’ (KYC) requirement for bank customers. This followed the adoption of a motion by Rep. Kingsley Chinda (PDP-Rivers) and a few others...
Central Bank of Nigeria (CBN) has reiterated its commitment to encourage youth entrepreneurs to learn new skills and create micro enterprises that would boost the economy of the country. Dr Isa Abdulmumin, Director, Corporate Communications Department of the CBN, said this at the CBN fair on Friday in...
By JOY ADARA, Abuja – The Human and Environmental Development Agenda (HEDA Resource Centre), a prominent civil society organization, is demanding the Central Bank of Nigeria (CBN’s) compliance with a recent court judgment in their favor. The judgment, relating to the case of “Incorporated Trustees of HEDA Resource Centre...
By JOY ADARA, Abuja – Socio-Economic Rights and Accountability Project (SERAP) has urged Mr Folashodun Shonubi, Acting Governor, Central Bank of Nigeria (CBN) to “immediately delete the patently unlawful provisions in the Central Bank of Nigeria (Customer Due Diligence) Regulations directing banks to obtain information on customers’ social media...