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MUKHAIL ADETOKUNBO ABIRU
Intense public outcry and mounting pressure from various stakeholders have compelled the National Assembly to suspend the proposed amendments to the Central Bank of Nigeria (CBN) Act 2007.
In the evolving landscape of global finance, the independence of central banks is sacrosanct, forming the cornerstone upon which monetary stability rests.
The Nigerian Senate has introduced a bill to amend the Central Bank of Nigeria (CBN) Act of 2007, proposing a 21-year imprisonment penalty for breaches of the CBN Act limit on ways and means advances.