Central Bank of Nigeria (CBN), the apex bank of Africa’s most populous country, is currently making a seeming frantic effort to pump in oxygen into the dying textile industry of the country.
Mr. Godwin Emefiele, the Governor of the Central Bank of Nigeria (CBN), has denied reports of his removal from office, saying: “At least you can see me; I am doing my work.’’
The Senate Committee on Gas has said that NNPC and Central Bank of Nigeria (CBN) are to submit documents on the withdrawal of $1.2 billion from the NLNG dividends account within the last two years.
A Federal High Court in Lagos has adjourned till Dec. 4, hearing in a dispute between MTN Nigeria and the Central Bank of Nigeria over alleged illegal repatriation of $8.1 billion by the telecoms company.
MTN Nigeria on Thursday refuted the claims by the Central Bank of Nigeria that it illegally, in collusion with four Nigerian banks repatriated $8.1billion from its Nigerian operations to offshore investors.