Instalmental remittances in respect of invisible trade transactions and bills for collection are now permissible in the FEM operation, The Republic investigation has revealed. It was...
Nigeria international credit rating has dropped from its 76th position in September last year to 77th in September this year, one point down the scale. This...
Central Bank of Nigeria, CBN, now forbids banks to debit the accounts of (or surcharge), their names clients for short falls on letters of credit for...
International experts have expressed fear in the future of international trade financing as a result of the growing inability of debtor-nations to pay off their debts...
Nigeria was 27 last Thursday. The day was as usual marked with festivities. 27 years in a man’s life is quite sometime. At 27, a man...
Financial houses in Lagos have recommended the federal government on its decision to make the Central Bank autonomous. The decision was hailed yesterday by banker who...
Major industrialised nations may not improve on their present low response to Third World countries debt problems. Reports from Washington on the ongoing World Bank meeting...
Nigeria and her foreign creditors have failed to beat the September deadline for the rounding doff the debt talks on the outstanding $19.7 billion (N78.7 billion)...
Nigerian non-oil export amounted a total of ($269.75) N1.099 billion in the last 10 months (October 1986 – June 1987) according to figures just released by...
All staffers of the Trade and Exchange Control and Foreign Operations department involved in the N100 million foreign exchange fraud in the Central Bank of Nigeria...
The Central Bank of Nigeria paid out a total of N5,356,700 to farmers under the agricultural Credit Guarantee Schedule in the first quarters of this year....
A total provision of N1.5 billion has been made for bad and doubtful debts by 24 of the 51 banks operating in the country, The Republic...
Federal Government’s implementation of the Structural Adjustment Programme (SAP), has hampered the growth of the private sector which it is meant to promote a renowned Economist...
The naira for the third consecutive time gained strength against the dollar as it finished market bidding Thursday at N4.0999 to one America dollar. As a...
The currency in circulation within the Nigerian economy but outside the banking system stood at N5.4 billion at the end of October 1987. The October figure...