The recent hike at the Nigerian Stock Exchange, is still generating furors in official quarters. The Securities and Exchange Commission, the apex regulatory institution for the...
Foreign nationals mainly Asians have deviced various means of beating the provisions of the Foreign Exchange Market, FEM. Informed sources told The Republic that these foreigners...
Four banks have been approved to handle the foreign exchange transactions of pilgrims during the 1987 Hajj operations. The banks are: First Bank, Union Bank, United...
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...
