She said that globalisation had broken the limits of financial flows.
Mr Jideonwo expressed worry over the consistent and recent increase in interest rates by the apex bank
According to a statement by CBN, this marks a decisive turnaround from deficits of $3.34 billion in 2023 and $3.32 billion in 2022.
The Nigeria Deposit Insurance Corporation says it would begin the payment of the first tranche of liquidation dividends to depositors of Heritage Bank from April.
Many of the Deposit Money Banks on Friday sent notices to their customers that implementation of the directive would commence today.
“What you are telling us is not the truth. We have not received the documents. I don’t want to deceive the public here,” stated the committee chair.
CPPE, however, expressed concern that the CRR at 50 per cent is the highest globally.
The board insisted that all expenditures followed due process and were subjected to strict government oversight.
CBN has issued new guidelines restricting bureau de change operators to purchasing foreign exchange from a single authorised dealer per week.
Mr Omosebi, who sought a 10 per cent interest on the total recoverable amount, urged the court for N5 million as the cost of filing the suit.
