NNPC And CBN Strengthen Relationship For Seamless Commercial Operations

<h4>NNPC And CBN Strengthen Relationship For Seamless Commercial Operations<&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited &lpar;NNPC Ltd&period;&rpar;&comma; Mallam Mele Kyari&comma; and the Governor of the Central Bank of Nigeria &lpar;CBN&rpar;&comma; Mr&period; Olayemi Cardoso&comma; have reviewed the decision of the NNPC Ltd&period; to domicile a significant portion of its revenues and other banking services with the CBN&period;<&sol;p>&NewLine;<p>This is contained in a jointly signed statement by Olufemi O&period; Soneye&comma; Chief Corporate Communications Officer&comma; NNPC Ltd and Hakama Sidi Ali&comma; Acting Director&comma; Corporate Communications Department&comma; Central Bank of Nigeria on NNPC Ltd CBN on banking relationship which was made available to <a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;">OpenLife<&sol;a> Thursday&period;<&sol;p>&NewLine;<p>According to the statement&comma; the NNPC Ltd and CBN Chiefs noted the value created by the decision for all parties&comma; especially in providing the NNPC Ltd&period; with an improved platform for managing its cash holding obligor limits in commercial banks set by the Board of Directors&period;<&sol;p>&NewLine;<p>The CBN has provided enhanced digital platforms for all transactions and has established specific limits to manage NNPC Ltd&period; transactions&period;<&sol;p>&NewLine;<p>Both parties have also committed to further strengthening the collaboration to ensure seamless operations of the commercial NNPC Limited and noted that NNPC Ltd&period; continues to have banking transactions with commercial banks as required&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;23922" aria-describedby&equals;"caption-attachment-23922" style&equals;"width&colon; 300px" class&equals;"wp-caption alignnone"><img class&equals;"size-medium wp-image-23922" src&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;wp-content&sol;uploads&sol;2024&sol;02&sol;NNPC-X-CBN-4-300x144&period;png" alt&equals;"NNPC And CBN Strengthen Relationship For Seamless Commercial Operations " width&equals;"300" height&equals;"144" &sol;><figcaption id&equals;"caption-attachment-23922" class&equals;"wp-caption-text"><em><strong>L-R&colon; Group Chief Executive Officer of the Nigerian National Petroleum Company Limited &lpar;NNPC Ltd&period;&rpar;&comma; Mallam Mele Kyari&comma; &lbrace;5th&rcub; and the Governor of the Central Bank of Nigeria &lpar;CBN&rpar;&comma; Mr&period; Olayemi Cardoso &lbrace;4th&rcub; and others at the meeting<&sol;strong><&sol;em><&sol;figcaption><&sol;figure>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;