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A new form on which authorised SFEM dealers are expected to make full returns of all transactions to the Central Bank of Nigeria, CBN, before June...
The Central Bank Financial Think Tank has sent a strong recommendation to the federal government on the deregulation of interest rates asking for a downward review...
Economic saboteurs have resorted to forging invoices and tenders purportedly sent by business associates abroad and requesting advanced payment in foreign exchange for services that are...
It is now mandatory for authorised dealers under SFEM to submit a detailed list of transactions with Central Bank of Nigeria, CBN, before any bidding session....
The present ban on inter-bank dealings on foreign exchange will be lifted at the end of the current two-tier exchange system investigation has shown. An informed...
THE Second-tier Foreign Exchange Market (SFEM) Is an arrangement for dealing in foreign exchange at market determined rates. The SFEM which is the core policy under...
Minister of finance Dr. Chu Okongwu has said that the impact of the increase in oil price of $18 per barrel has not fully felt. He...
The Nigerian Tourist Board, NTB, is to prepare the final resting place of Chief Obafemi Awolowo for tourism as soon as the board gets the go-ahead...
Name of Currency Buying Central Selling US Dollar 4.2774 4.2989 4.3204 Pound Sterling 7.0513 7.0867 7.1222 Duetsche Mark 2.3534 2.3653 2.3771 Swiss Francs 2.8308 2.8451 2.8593...
Private Airlines which had their operating licences suspended by the Buhari administration may soon have cause to smile. This is because their case is receiving the...
Nigeria’s foreign reserves declined by 4.7 per cent from N3,604.2 million at end of the December 1986 to N3.435.1 million at the end of April this...
Nigeria’s Foreign Reserves amounted to N4.8222 billion at the end of August 1986, Central Bank of Nigeria, CBN sources have said. According to the sources the...
The prices of quoted shares of some companies at the Stock Exchange remain high for the second week running. Although some of the prices have shown...