A day after Aero Contractors announced the suspension of operations and placed staff on indefinitely leave, another national airline, First Nation, has closed business. The National Civil Aviation Authority announced on Thursday that First Nation […]
The Federal Government of Nigeria is implementing a N500 billion social investment programme that is aimed at improving the lives of the poorest Nigerians. The programme has five key areas and they are:
There is an emerging debate that since the Nigerian government buckled to float the naira, with the parallel and official rates of exchange still widely far apart, whether the flexible exchange rate policy was the […]
There is an emerging debate whether since the Nigerian government buckled to float the naira, with the parallel and official still widely far apart, the flexible exchange rate policy was the right thing after all. […]
The last few months have witnessed a number of policy shifts that cannot but be of immense benefits to the Nigerian economy. Unfortunately, the policy shifts are in the short run injurious to well-being but […]
President Muhammadu Buhari said on Sunday that Nigeria would be one of the top countries on the World Bank’s Ease of Doing Business index in the next three years. Nigeria is currently ranked 169 out […]
LAGOS — Lagos Chamber of Commerce and Industry, LCCI, yesterday, blamed the current lull in Nigerian economy on inability to regain the confidence of investors, both local and foreign, which had resulted in uncertainty in […]
OTUOKE—Former President Goodluck Jonathan has said that Nigerians must be prepared to protect and develop the country at all times. He said that the current challenges Nigerians were facing were transient as the country would […]
From searching the globe in search of oil deals with intense geopolitical ramifications like Sudan, Niger, Iraq and Venezuela, to cutting a controversial multi-billion dollar oil deal in Canada’s oil sands play, China has become […]
Amidst lingering dispute between Central Bank of Nigeria, CBN, and eight banks banned from participating in the inter-bank foreign exchange market, the local currency, Naira, has suffered further bashing, depreciating to N415/ USD1 yesterday in […]
The Central Bank of Nigeria (CBN) has deleted the United Bank for Africa (UBA) from the list of nine deposit money banks (DMBs) banned from the foreign exchange market, for hiding over $2 billion belonging […]
The Chief Executive Officers (CEOs) of banks will today meet in Lagos over sanctions imposed on nine lenders for failing to remit money owed to the Federal Government, New Telegraph has learnt. Also, the Central […]
The media has been awash lately with news that the Central Bank of Nigeria has banned nine deposit money banks from the foreign exchange market, for allegedly hiding over $2bn belonging to Nigerian National Petroleum […]
The Central Bank of Nigeria is in the process of stopping issuers of dud cheques (returned cheques) from opening current account, the Deputy Director, Banking Supervision, CBN, Mr. Stephen Nwadiuko, has said. He said the […]
The naira tumbled to 402 against the dollar at the parallel market on Wednesday, a day after the Central Bank of Nigeria banned nine banks from the foreign exchange market for failing to remit $2.334bn […]
The Central Bank of Nigeria on Tuesday wielded the big stick as it barred nine Deposit Money Banks from the nation’s foreign exchange market for failing to remit the sum of $2.334bn belonging to the […]
Manufacturers and other private sector operators on Tuesday painted a gloomy picture of how the foreign exchange restriction placed on 41 items by the Central Bank of Nigeria had affected operations in the business sector. […]
An Address Presented By Engr Joe Igbokwe, Chairman Lagos State Wharf Landing Fees Collecting Authority at A Familiarization Meeting Held In Apapa On Tuesday August 23, 2016 Protocol The Sole Administrator, Apapa Local Government Area, […]
Deposit Money Banks have yet to comply with the Central Bank of Nigeria’s directive asking them to sell $50,000 from Diaspora remittances to Bureau De Change operators on weekly basis, the President, Association of Bureau […]
The Central Bank of Nigeria, CBN, yesterday, ordered Authorised Dealers (banks) to allocate 60 per cent of their total Foreign Exchange, forex purchases from all sources (interbank inclusive) to manufacturers and 40 per cent to […]
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