Tag: Bankers Committee
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CBN to end sale of FOREX to banks
The Central Bank of Nigeria (CBN) will stop the sale of foreign exchange to commercial banks before the end of the year, its governor, Mr Godwin Emefiele, said in Abuja on Friday.
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FG hands over National Theatre to CBN, Bankers Committee
The Minister for Culture and Information, Alhaji Lai Mohammed, on Sunday in Lagos handed over the National Theatre to the Central Bank of Nigeria and the Bankers committee for restoration and upgrade. Speaking at the event, Mohammed said that the National Theatre, despite the arrangement, still remained a national heritage. He said that the Federal…
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Spraying, hawking naira notes will land you in jail, Bankers Committee warns
The Bankers Committee on Friday warned against bastardising the national currency, saying those who spray and hawk the naira notes at parties risk going to jail. TheNewsGuru (TNG) reports mobile courts are to try those bastardising the national currency, and if found guilty, sent to jail. Issuing the warning after its meeting in Lagos, the…
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Nigerian economy ‘steadily exiting recession’ — Bankers’ Committee
The Bankers’ Committee of the Central Bank of Nigeria, CBN, on Thursday declared that the Nigerian economy was steadily pulling out of recession. The Committee gave the review at the end of its 331st meeting in Abuja. It said indices on non-oil sector growth in the second quarter of the year showed the economy could…
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Nigeria’s economy will rebound by third quarter – Bankers’ committee
The Director of Banking Supervision, Central Bank of Nigeria (CBN), Mr Ahmed Abdullahi on Thursday said that the economy would record tremendous improvement by the third quarter of the year. Abdullahi said while briefing newsmen on the outcome of the 333rd Bankers’ Committee meeting in Lagos. According to him, this is because the foreign exchange…
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Bankers committee set aside 5% profit to fund agric-business, exports
The Bankers Committee of the Central Bank of Nigeria have agreed to set aside five per cent of the Profit After Tax of the banking sector to fund the agricultural sector. The Committee also agreed that the five per cent should be used to fund non oil exports. The committee made this known at…