The Central Bank of Nigeria (CBN) says receiving international money transfers in foreign currencies by Nigerians is detrimental to the Naira. Director, Trade and Exchange in the apex bank, Ms. Ozemena Nnaji, disclosed this to the members of the House of Representatives Committees on Diaspora, Banking and Currency, and National Planning during an investigative hearing […]
Abuja – The Central Bank of Nigeria (CBN) says receiving international money transfers in foreign currencies by Nigerians is detrimental to the Naira. Ms Ozemena Nnaji, Director, Trade and Exchange in the apex bank, told the House of Representatives Committees on Diaspora, Banking and Currency, and National Planning at an investigative hearing on Thursday in […]
Moody’s, the international rating agency, has assigned a B2, stable rating to Sterling Bank Plc, Your one-customer bank because of its resilient deposit funding base and stable local currency liquidity as well as improvements on its IT infrastructure and risk management processes. The rating agency has also assigned national scale local currency deposit ratings of […]
Senior Technical Adviser to the Minister of State for Petroleum Resources, Mr. Adegbite Adeniji, has said that the new Federal Government’s petroleum sector regulatory policy would create a “one stop – shop” petroleum sector. Adeniji said all current regulatory and pseudo-regulatory activities would be taken over by the new regulator. He added that the process […]