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CBN Releases Revised Nigerian Bankers Clearing System Rules
Posted on Author Omotola Collins
The Central Bank of Nigeria (CBN) on Thursday released a revised Nigerian Bankers Clearing System (NBCS) rules which prescribed 26 sanctions, including the payment of fines against banks that flout the new directives, amongt other prescriptions to ensure compliance in the system. The revised NBCS rules, released by the apex bank via a circular signed […]
Adeosun Carpets NNPC Over Shoddy Revenue Report To FAAC
Posted on Author Omotola Collins
In what appeared a major step towards transparency and accountability in the nation’s public finance system, the Minister of Finance, Mrs. Kemi Adeosun, today lambasted the Nigerian National Petroleum Corporation (NNPC) over its revenue discrepancies noticed at the Federation Accounts Allocation Committee (FAAC) meeting yesterday in Abuja. The minister at a briefing in Abuja described […]
NNPC Eyes Capital Market For New Projects’ Financing
Posted on Author Omotola Collins
The Nigerian National Petroleum Corporation (NNPC) is considering the option of raising funds from the capital market to meet its financing obligations on new projects, including the NNPC/NAOC JV Idu-Re-development, South Gas Project, North Gas Project and Central Gas Project. The corporation’s Group Managing Director, Dr. Maikanti Baru, gave this hint at the ongoing Nigeria […]