The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the Dangote Group has paid back 70 percent of the loans it took to construct an oil refinery. Emefiele spoke at the commissioning of the 650,000 barrels per day (bpd) Dangote Refinery in Lagos on Monday. The CBN boss said the refinery was initially […]
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The Central Bank of Nigeria has announced that beneficiaries of diaspora remittances through the international monetary transfer operators (IMTO) can now such inflows in foreign currency (US Dollar) through the designated bank of their choice. The apex bank in a statement signed by O.S. Nnaji, director of trade & exchange of CBN, said recipients of […]
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Barely two years to the 2020 target to reduce unbanked Nigerians to 20 per cent, the Central Bank of Nigeria (CBN) says the country’s unbanked population currently stands at 37 per cent. Mr Dipo Fatokun, Director, Banking & Payment Systems, CBN, stated this at the third Annual Banking Security Summit organised by MAXUT Consulting in […]
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Following reports that there was a fire outbreak at the headquarters of the Central Bank of Nigeria (CBN) in Abuja on Tuesday evening, the apex bank has come out to debunk the claim. The incident was said to have started around 6:30pm but firefighters brought it under control after 30 minutes. The billows of smoke […]
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The House of Representatives ad hoc Committee investigating the alleged stolen $17 billion oil and gas sales on Thursday ordered Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, to appear before it within one week. The money was allegedly stolen through undeclared crude oil and liquefied natural gas export. The committee threatened to issue […]
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