CBN refutes report, backs deregulation – The Guardian
November 5, 2009 by Bunmi Awolusi · Comments Off
Contrary to a media report, the Central Bank of Nigeria (CBN) yesterday declared its total support for the planned reform in the downstream sector of the petroleum industry in the country.
The apex bank has also denied allegation that its action lately on the Equitorial Trust Bank (ETB) is discriminatory of decisions concerning other troubled banks.
Petrol price hike will fuel inflation, CBN warns – The Nation
November 4, 2009 by Bunmi Awolusi · Comments Off
Opponents of deregulation got some institutional backing yesterday.
The Central Bank of Nigeria (CBN) feels deregulation – the Federal Government’s magic pill against the ailments of the oil industry’s downstream sector – is a risk to inflation in the short and medium term.
