Forth & Fifth from Left: CBN Governor, Olayemi Cardoso and the Group CEO of NNPC Limited, Mallam Mele Kyari with members of their teams.
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.
0Justice Ayokunle Faji has adjourned further proceedings in the suit filed by Barbican Capital Limited…
Segun Atanda/ The Los Angeles City Council has approved a sweeping "sanctuary city" ordinance designed…
Segun Atanda/ New York prosecutors have opposed dismissing President-elect Donald Trump’s conviction for falsifying business…
Femi Ashekun/ In a bold and controversial move, Musiliu ‘MC Oluomo’ Akinsanya, has defied a…
Matilda Omonaiye/ President Bola Ahmed Tinubu has dissolved the Governing Council of Nnamdi Azikiwe University,…
The Nigerian Consumer Credit Corporation (CREDICORP) has officially launched Project S.C.A.L.E. (Securing Consumer Access for…