banking

Forex: CBN To Sanction Banks

The Central Bank of Nigeria (CBN) on Monday threatened to sanction any Deposit Money Bank (DMB) in breach of its earlier instructions to open teller points for retail foreign exchange (Forex) transactions in all locations. […]

banking

PremiumTimes SPECIAL REPORT: How Nigerian companies raked billions after CBN switched off dollar tap on 41 items

When the Central Bank Nigeria, CBN, blocked official dollar access to importers of 41 low-skilled items, Baton Nigeria, an Ogun state-based company, was preparing to start a factory producing tooth picks – one of the […]

banking

Creative Industry Gets $1m Boost

The Minister of Information and Culture, Alhaji Lai Mohammed, on Monday announced the establishment of a one million dollar Venture Capital to boost the Creative Industry. The minister made the announcement at the opening of […]