Central Bank of Nigeria (CBN) – Shipping World News Magazine

Funds accrued under the Cabotage Vessel Financing Fund (CVFF) are intact and currently held with the Central Bank of Nigeria under the Single Treasury Account (TSA). This contrary to a misleading publication alleging that funds have disappeared from the CVFF account. The report of a missing money is both misleading and false. For the record, the Cabotage Vessel Financing Fund, securely held in the NIMASA account at the Central Bank of Nigeria (CBN), remains intact. There has been no disappearance of funds, and no illegal transactions, as the article suggests. This misinformation is a figment of the authors imagination, aimed at undermining NIMASA’s integrity, and mislead the public about the Agency's operations. The Management of NIMASA will ensure that the CVFF is utilised in line with...

Bayelsa State Governor, Senator Douye Diri, has urged the Federal Government and the Central Bank of Nigeria (CBN) to obey the Supreme Court ruling on the old Naira notes in order to ameliorate the suffering occasioned by the cash crunch on Nigerians. The Bayelsa governor said going by the March 3 ruling of the country’s apex court, the old and new currency notes ought to circulate side by side till December 31 this year. Senator Diri stated this on Monday in Government House, Yenagoa, during an interactive meeting with leadership of various unions and associations of transporters, traders and petroleum marketers in the state. The governor said with the ruling of the apex court on the matter, Nigerians expected the federal government and the CBN to speedily implement and enforce t...

Tag: Central Bank of Nigeria (CBN)

Cabotage Vessel Financing Fund Intact, says Dayo Mobereola

UPDATED… Gov. Diri To FG, CBN: Obey Supreme Court On Old Naira Notes