June 23, 2024
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NIMC DENOUNCES ALLEGATION OF DATA BREACH: ADVISES NIGERIANS TO AVOID GIVING DATA TO PHISHING SITES
PRESIDENT TINUBU SAYS CIVIL SERVANTS IN DIASPORA STILL EARNING SALARIES BACK HOME WITHOUT FORMALLY RESIGNING WILL BE PUNISHED           
TROOPS APPREHEND FAKE RECRUITMENT OFFICIAL IN TARABA STATE
GOVERNOR ABBA KABIR ORDERS CRACKDOWN ON THUGGERY IN KANO
2 PERSONS HAVE BEEN KILLED IN A FIGHT BETWEEN TWO RIVAL GROUPS IN NIGER
KANO GOVERNMENT ADVICES RESIDENTS AGAINST DRINKING RAINWATER TO PREVENT CHOLERA OUTBREAK
HOUSE OF REPRESENTATIVES CAUCUS DISOWNS MEMBER, SAYS YOU HAVE NO PERMISSION TO SPEAK FOR US                                                                                                                                         
ZAMFARA GOVERNOR FLAGS OFF REMODELLING, UPGRADING AND EQUIPPING OF YARIMAN BAKURA SPECIALIST HOSPITAL, GUSAU             
MD OF FAAN ESTABLISHES A DEDICATED TASK FORCE TO ELIMINATE TOUTING, EXTORTION, ETC AT THE AIRPORTS
PRESIDENCY SAYS IT IS CONFIDENT THAT NIGERIA WILL BE THE GREEN REFERENCE POINT FOR LARGE PRODUCERS IN AFRICA   

HOUSE OF REPRESENTATIVES TO INVESTIGATE NON-COMPLIANCE OF BANKS TO CBN DIRECTIVES                                                             

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HOUSE OF REPRESENTATIVES TO INVESTIGATE NON-COMPLIANCE OF BANKS TO CBN DIRECTIVES                                                                              07-02-24

By Sadiq Aminu                                                      The House of Representatives has mandated its Committees on Banking Regulations and Banking Institutions to conduct an investigative hearing on the non-compliance by banks and financial institutions with CBN directives on the Net Open Position Limits.
This resolution was sequel to a motion of urgent public importance moved by a member from Lagos State, Mr. Babajimi Benson.
The motion which also mandates the Committee on Legislative Compliance to ensure full implementation of the House resolution, maintained that the central Bank of Nigerian is empowered to make regulations and give directives for commercial banks and certain financial institutions to implement.
In his lead debate, Mr. Benson, who expressed worries over the speculative activity by commercial banks which has contributed to the harsh economic situation in the country, said that the CBN has intervened by introducing new monetary policies to check the rise in the rate of dollar.
The lawmaker emphasized that unless drastic legislative measures are taken to enforce the implementation of these directives, the country will continue to experience dire economic hardship as a result of continuous rise in foreign exchange rates.

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