Bank Directors Back CBN’s Reforms, Urge Industry Compliance
The association said it believed the recent guidelines by the apex bank were aimed at fortifying the nation’s financial system.
The association said it believed the recent guidelines by the apex bank were aimed at fortifying the nation’s financial system.
“Ultimately, I see a situation where people who require foreign exchange don’t have to know anybody in the banks.”
This was done in a bid to reduce fraud and money laundering.
The sentence keeps Lee, who was found guilty in 2017 of bribing a friend of former President Park Geun-hye, out of jail.
He said he was confident outstanding FX liabilities would be addressed shortly.
“We want to do that project like yesterday. We have assured Lagosians that this administration is going to do it.”
But the rating agency said government tax revenue collection as a percentage of GDP remains very low.
SPDC MD Okunbor said the FID is a significant step in supporting the Nigerian government’s ‘Decade of Gas’ ambition.
E”NCAA will ensure that airlines fulfil their obligations to passengers or face sanctions.”
It is a development expected to be well received by the country, which has struggled for up to four years to meet its quota.
Jossy Nkwocha described the allegations as false and contrary to the true position of the matter.
“The CBN would never do anything that would undermine the currency and economy.”
Banks had complained about the previous CRR regime as they saw it as a punitive policy.
They said that this may be the last straw that will cause a devastation of businesses across Nigeria’s economy.
‘It’s up to the CBN to ensure that more of the dollars made available to it is used to take care of past financial obligations…”
It was cut off from power supply after the fire incident that destroyed over 520 shops and properties worth billions of naira.
The CBN has issued revised guidelines on IMTOs, setting a $1m minimum share capital for operators.
The IOC however reported a $28bn 2023 profit despite a 30% drop in earnings.
The government also debunked a report that alleged underhand dealings in the Malabu deal, calling it a compendium of lies.
The apex bank has, to this effect, removed the exchange rate allowable limit for IMTOs.
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