The Central Bank of Nigeria, CBN, has clarified some aspects of its new directives to authorised dealers in foreign exchange. In the clarification letter, the CBN...
The Central Bank of Nigeria, CBN, as the key financial institution in the country cannot but attract press coverage of its activities. Considering the functions it...
Gulf Oil Nigeria Limited has reviewed the cash benefits to beneficiaries of the company’s long service award. The review which became effective from May this year...
It is now mandatory for airline operating in the country to show evidence of use aircraft when applying for foreign exchange under FEM. This was contained...
Owners of chartered fishing and other shipping vessels in the country are now required to fulfill new documentation conditions before they apply for foreign exchange. According...
A total of 136 Nigerian companies have registered with the Lagos Chamber of Commerce and Industry for the 7th Lagos International Trade Fair and have paid...
The Central Bank of Nigeria, CBN, has made the first major move to save exporters from being banned from foreign exchange dealings. In this wise, authorised...
The 1968 banking act should be reviewed to enable commercial banks own equity in companies they finance thereby ensuring the growth of small scale industries. This...
Some members of the accounting profession have raised an eyebrow over audit reports on firs by some auditing firms in the country. The accountants who belong...
Nigeria earned a total of N14.097 billion exchange in the first seven months of this year showing an increase of 196.9 per cent over its end...
IN recent times, the federal and state government’s decision to privatise or commercialise companies in which they have majority share holdings has been subject of debates....
Six foreign countries are to participate in Nigeria’s multi-million naira Delta Steel ancillary industries. Already, China and Norway have made formal requests for equity participation for...
United Bank for Africa, UBA, new interest rates will not affects loans and fixed deposits contracted before the deregulation. According to UBA sources, such loans and...
Prices of goods and services in Festac Town, Lagos have gone up astronomically, recording an estimated 100 per cent increase on the average. A market survey...
About 500 hectares of the UACN marquis form have been planted with maize. The marquis farm is the fourth of UACN’s agricultural projects and the second...