Indications emerged weekend that many banks have not been able to pick up additional foreign exchange which the CBN has on offer. Many of the banks...
Securities and Exchange Commission (SEC) has sealed up the premises of Yuan Dong (YDEC). SEC, in a statement in Abuja said Yuan Dong parades itself as an...
If the National Assembly passes President Muhammadu Buhari’s 2017 N7.298 trillion budget as proposed, the country will spend a hefty sum of N5.41 billion as cost...
South Africa’s Liberty Holdings will acquire a 75 percent stake in a Nigerian long-term insurer for $12 million, the company said. The acquisition is to enable...
CBN’s CIRCULAR ON NATIONWIDE IMPLEMENTATION OF THE CASH-LESS POLICY AS ISSUED Please be informed that the bankers committee at its 493rd meeting, held on the 8th...
The International Monetary Fund has urged Nigeria to step up its economic reform efforts before the opportunity for reforms becomes more limited. The multilateral Institution...
Managing Director Nigeria Sovereign Investment Authority NSIA, Mr. Uche Orji, has raised fresh hope of the timely completion of Second Niger Bridge. Briefing newsmen in Abuja, he said...
ExxonMobil Nigeria has laid off additional 89 workers in a gale of retrenchments that started in the company last year. NAN said a top source disclosed...
Fitch rating agency has said that measures put in place by the Central Bank of Nigeria (CBN) to modify the foreign exchange market may ease some...
Details of CBN guideline on school fees, Personal Travelling Allowance PTA and medicals emerged yesterday as banks started to intimate customers of the needed requirement to...
Central Bank of Nigeria Tuesday injected a total of $370.9 million into the foreign exchange market ignorer to make foreign exchange readily available to end users....
Presidential Enabling Business Environment Council has said that the federal government has adopted a 60 day action plan to ease doing business in Nigeria. The...
Federal Government of Nigeria wants to borrow $1 billion from the World Bank and sign within months a $1.3 billion loan from China to fund railway projects,...
The Nigerian National Petroleum Corporation said it did not remit N23.4 billion Nigerian Export Supervision Scheme (NESS) levy, chargeable on crude oil and gas exports since...
Minister of finance Mrs Kemi Adoesun has said that two Nigerian banks are yet to remit Ministries, Department and Agencies of the federal government into the...