CBN Insists No Nigerian Banks in Distress, Reiterates Conditions for Blacklisting Erring Workers

While wishing our Readers Happy Sallah Celebration after Ramadan Fasting, below are latest reports on the Economic Confidential

 

No Nigerian Bank is in Distress- CBN

The Central Bank of Nigeria (CBN) has responded to malicious rumours and unfounded speculations that some banks in the country may have gone or may be going into distress.

Read: https://economicconfidential.com/2016/07/no-nigerian-bank-distress-cbn/

 

CBN Reiterates Conditions for 'Blacklisting' Erring Bank Worker

The Central Bank of Nigeria (CBN) has reiterated that employee(s) in any financial institutions under its regulation that was terminated, dismissed or convicted on the grounds of fraud, forgery and dishonesty would be blacklisted from taking up any other responsibility in the industry.

Read: https://economicconfidential.com/2016/07/cbn-reiterates-conditions-blacklisting-erring-bank-worker/

 

New forex policy raises import duty by 43%

Following the commencement of the implementation of the new foreign exchange policy, which moves the naira to dollar exchange rate from 197 to a minimum of 280, customs duties on imported cargoes have risen by about 43 per cent.

Read: https://economicconfidential.com/2016/07/new-forex-policy-raises-import-duty-43/

 

N'Delta Militants Bomb More Facilities as Oil Reverses Gains

For the second time in two days, the Niger Delta Avengers (NDA), the militant group responsible for the relentless attacks on oil facilities in the Niger Delta, breached two manifolds operated by NPDC, NNPC and Chevron

Read: https://economicconfidential.com/2016/07/ndelta-militants-bomb-more-facilities-as-oil-reverses-gains/

 

Vandalism: NNPC Halts Petrol Supply to Depots

The Nigerian National Petroleum Corporation has stopped pumping Premium Motor Spirit (petrol) to its depots in a bid to avoid losses that arise from the incessant rupturing of pipelines that convey products to the various facilities.

Read: https://economicconfidential.com/2016/07/vandalism-nnpc-halts-petrol-supply-depots/

 

Kerosene Soars to N300/litre as Supply Drops

The price of kerosene, used by majority of Nigerians for cooking, has risen to as much as N300 per litre in many parts of the country, with many depots in Lagos not loading the product.

Read: https://economicconfidential.com/2016/07/kerosene-soars-to-n300litre-as-supply-drops/

 

​North East Humanitarian Challenges: Matters arising

How NEMA and stakeholders address humanitarian challenges in the North-East after arrival of liberated captives from terrorists' dens

Read:  https://economicconfidential.com/2016/07/%E2%80%8Bnorth-east-humanitarian-challenges-matters-arising/

 

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