Top Stories You Missed; FFK Warns Tinubu|Buhari Appoints New Cabinet Members|Banks To Punish Fraudsters|Arik Staff Caught With Cocaine|And More

Check out the top stories of the week you may have missed… Tinubu Uneasy As Buhari Keeps Loving Fashola The National Coordinator of the Oodua People’s Congress (OPC) Otunba Gani Adams, in an interview with Wale Odunsi, speaks on his battle to wade off forces against his leadership of OPC, the internal

CBN Disburses Funds to States to Clear Salary Arrears

The Central Bank of Nigeria (CBN) has approved the request by Deposit Money Banks (DMBs) to provide financial accommodation to State Governments to enable them pay the backlog of salaries of their workers. his is sequel to the decision by the National Executive Council (NEC) at its meeting of 29th

Economy in trouble, as oil price crashes

Nigeria’s economy may be heading for trouble, as oil price crashed even lower at the weekend, thereby threatening the 2015 budget and fiscal plan. The post Economy in trouble, as oil price crashes appeared first on Vanguard News.

Are you a Nigerian Living Outside the Country? You Can Now Register for BVN Number

Nigerians living outside the country can now register for their Bank Verification Numbers (BVN), as the Central Bank of Nigeria (CBN) has made two options available for them to conveniently do the registrations. Here is a summary of how implementation will take place, as reported by ThisDay: The banking sector

CBN Bars Foreign Firms From Printing Cheques for Nigerian Banks

The Central Bank of Nigeria, CBN, has denied accreditation to foreign printers who hitherto printed cheque books for some Nigerian banks. In a circular released, yesterday, entitled: “Circular to deposit money banks, cheque printers and other stakeholders on the accreditation of cheque printers for 2015/2016″ and signed by Director, Banking

Buhari Appoints PwC, KPMG To Audit NNPC, CBN, FIRS, Others

The Nigerian Government has appointed renowned accounting and auditing firms, PricewaterhouseCoopers (PwC) and Klynveld Peat Marwick Goerdeler (KPMG) to audit Nigerian National Petroleum Corporation (NNPC) and other agencies. Among others to be audited are Central Bank of Nigeria (CBN), Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), Department of

Banks Reduce Withdrawal Limits on ATMs

The battle for defence of the Naira value has widened, affecting existing withdrawal limits on Automatic Teller Machines (ATMs) and foreign transactions on all existing Naira debit cards (ATM cards). In the new arrangement, all ATMs that were hitherto enabled for domestic and foreign transactions have been restructured to limit

Buhari Directs MDAs To Open Single Account

Paying into treasury other than that approved by the Federal Government is now an offence. This is because President Muhammadu Buhari has directed Ministries, Departments, Agencies including the CBN, NNPC, NPA and NIMASA, among others to make payments into a Treasury Single Account, TSA.

Court restrains NUPENG from picketing CBN

Godwin Emefiele, CBN Governor The National Industrial Court of Nigeria (NICN) on Friday restrained the National Union of Petroleum and Natural Gas Workers (NUPENG) from picketing the Central Bank of Nigeria (CBN).

Abike Dabiri-Erewa Sues Diamond Bank & Punch for Erroneously Listing Her as a Debtor

Former lawmaker, Abike Dabiri-Erewa is suing Diamond Bank and Punch for libel after they listed her as a debtor. Both organisations falsely accused her of owing N22 million, Channels reports. Diamond Bank on August 4th, published a report that contained her picture, and stated that she is a Director of

Senate Summons Emefiele Over Naira Value

The Senate on Wednesday passed a resolution summoning Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, to appear before the lawmakers and brief them on the status of the Naira. In the resolution which followed a two-prayer motion by Sen.