CBN WANTS BANK CUSTOMERS TO REJECT DIRTY NAIRA NOTES

The Central Bank of Nigeria (CBN) says customers should demand new naira notes from their respective banks and reject dirty ones.   Speaking in an interview with NAN in Lagos on Thursday, Isaac Okorafor, CBN spokesman, said commercial banks are sabotaging its effort in replacing mutilated notes with new ones.   The bank made similar […]

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Fuel Scarcity Looms as Nation’s Marketers Fail to Repay Loans

The inability of petroleum marketers to pay or service banks loans in the last two years is threatening further importation and could worsen the financial position of banks. The marketers under the aegis of the Independent Petroleum Products Importers (IPPIs) said in a communiqué yesterday that members owe some banks as much as N305 billion […]

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Central Bank says secret recruitment of children of top politicians is not illegal

The Central Bank of Nigeria has said it opted for a secret process of hiring new staff in the past two years because the bank was doing “targeted recruitment”. The apex bank is at the centre of a recruitment scandal exposed by two newspapers. A news report published Wednesday by Daily Trust, said the CBN […]

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