Ololade Adeyanju/
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mallam Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, have reviewed the decision of the NNPC Ltd. to domicile a significant portion of its revenues and other banking services with the CBN.
Following their meeting in Abuja today, the NNPC Ltd. and CBN Chiefs noted the value created by the decision for all parties, especially in providing the NNPC Ltd. with an improved platform for managing its cash holding obligor limits in commercial banks set by the Board of Directors.
The CBN has provided enhanced digital platforms for all transactions and has established specific limits to manage NNPC Ltd. transactions. Both parties have also committed to further strengthening the collaboration to ensure seamless operations of the commercial NNPC Limited, noting that NNPC Ltd. continues to have banking transactions with commercial banks as required.
0Femi Ashekun/ Federal Reserve Chair, Jerome Powell, has declared that he wouldn’t resign if President-elect…
Segun Atanda/ The Nigerian government has responded to Malaysia's recent announcement to phase out compressed…
Matilda Omonaiye/ The police in Lagos have arrested Salisu Mustapha, the owner of three dogs…
Dipo Kehinde/ As the news broke, many around the world struggled to understand how a…
Editor/ Donald Trump has defeated Kamala Harris in the US presidential election, marking a surprising…
Pat Stevens/ Chief of Army Staff, Lt. General Taoreed Lagbaja, is dead. He reportedly died…