Repatriation of $8,1bn: Court fixes  Dec. 4, for hearing of MTN’s suit against FG, CBN 

A Federal High Court, Lagos, today, October 30 fixed November 4, 2018, for hearing of the preliminary objection filed by the Central Bank of Nigeria (CBN) and other pending applications in a suit filed by MTN Communications Limited against the apex bank and Attorney-General of the Federation (AGF) over the illegal remittance of $8,134,312,397.63 .        At the resumed hearing of the matter today, Chief Wole Olanipekun (SAN), leading four other Senior Advocates of Nigeria for MTN, informed the court that CBN has filed its defence and counter…

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AMCON, CBN win NSITF compliance award  

Photo Caption: Executive Director, Asset management Corporation of Nigeria (AMCON) Mr. Aminu Ismail (2nd left) presenting the NSITF compliance awards to AMCON Managing Director/Chief Executive Officer, Mr. Ahmed Kuru (2nd right); with them are AMCON Company Secretary/Legal Adviser, Mr. Saidu Jallo (right) and AMCON Group Head, Resolution, Mr. Jushua Ikioda (left) when the AMCON boss received the award in Abuja on Friday.    The managing director/chief executive officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru (ALK) at the weekend officially received the award plaque, presented to the…

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CBN withdraws Skye Bank license

.. Establishes Polaris Bank to assume its assets, liabilities Central Bank of Nigeria, CBN has withdraw the banking license of Skye Bank Plc and established a new bank, Polaris Bank to take over its assets and liabilities. Speaking during a press briefing to announce the withdrawal of Skye Bank licence on Friday September 21, the CBN Governor, Mr. Godwin Emefiele stated that the result of its examinations and forensic audit of the bank has revealed that Skye bank requires urgent recapitalisation as it can no longer continue to live on…

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Forex concession for airlines: NANTA applauds Aviation minister, CBN

The National Association of Nigerian Travel Agents (NANTA) has hailed the Central Bank of Nigeria (CBN) decision to grant a concession to foreign airlines on access to foreign exchange. A statement jointly signed by president of the association, Mr Bankole Bernard and publicity secretary, Mr. Olumuyiwa Salami Adebayo paid particular tribute to the minister of state for Aviation, Senator Hadi Sirika for giving attention to the persist advocacy of the association to the effect that capital controls placed by government were stifling development in the aviation sector, making business difficult…

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