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Banks violating international money transfer laws – CBN

The Central Bank of Nigeria (CBN) has said that commercial banks were circumventing its international money transfer rules by criminally opening multiple company and personal accounts where they receive inflows for onward disbursements to recipients in Nigeria.

New board emerges for NPA, NIMASA

President Muhammadu Buhari has approved Governing Boards for the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA).

$2.3bn TSA breach: Banks deny concealing transaction

Barely 12 hours after the Central Bank of Nigeria (CBN) barred nine deposit money banks (DMBs) for allegedly helping NNPC to conceal $2.3 billion from Treasury Single Account, the banks have said that it was a normal loan transaction, and denied concealing the money for the Nigerian National Petr

Why CBN banned nine banks from forex market

The Central Bank of Nigeria (CBN) has banned nine deposit money banks (DMBs) from the foreign exchange market for hiding over $2.3 billion belonging to Nigerian National Petroleum Corporation (NNPC) from the Treasury Single Account (TSA).

We didn’t withhold NNPC/NLNG deposits – Fidelity Bank

Fidelity Bank Plc has denied the alleged non-remittance of the NNPC/NLNG deposits.
It also appealed to its customers not to pannic because it was working towards resolving the issue with the Central Bank of Nigeria (CBN).

‘Niger Delta Avengers ready for dialogue’

A militant group in Nigeria’s Niger Delta region, the Niger Delta Avengers, which has claimed a wave of attacks on oil facilities in the south-south, said that it was ready for a ceasefire and a dialogue with the government.

Why Nigeria lost title as Africa’s largest economy

On June 15, Nigeria’s central bank announced it would abandon its currency’s dollar peg. Since then, the naira has fallen 61 percent against the U.S. dollar, generating difficulties for both foreign and domestic businesses in Africa’s most populous country.

Why Niger Delta Avengers group wants to break up Nigeria

The Niger Delta Avengers (NDA) has again threatened to withdraw the oil-producing region from Nigeria.

Why Niger Delta Avengers group wants to break up Nigeria

The Niger Delta Avengers (NDA) has again threatened to withdraw the oil-producing region from Nigeria.

We are resolved to make NIMASA globally reputable –Peterside

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has stated that the focus of the new management was “to make the agency a maritime administration that works; client-friendly and a beacon of hope for Nigerians.”

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