Central Bank of Nigeria has directed Banks operating in the country to meet Personal Travelling allowance of customers within twenty four hours…
Category:
Business
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BusinessEconomyNews
Improvements in the business environment will impact positively on productivity—LCCI
The Lagos Chamber of Commerce and Industry said that improvements in the business environment will impact positively and significantly on the productivity,…
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Indications are that the economic recession that hit the country is gradually easing off as Nigerian private sector activity expanded for a…
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Minister of Finance, Mrs. Kemi Adeosun said that the Development Bank of Nigeria (DBN) is being positioned to galvanise Small and Medium…
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—–pumps additional $80m for PTA, Fees, Medicals & $100m through Banks for Wholesale Forwards Market In keeping with its determination to increase…
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Indications emerged weekend that many banks have not been able to pick up additional foreign exchange which the CBN has on offer.…
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Securities and Exchange Commission (SEC) has sealed up the premises of Yuan Dong (YDEC). SEC, in a statement in Abuja said Yuan Dong…
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Presidential Enabling Business Environment Council has said that the federal government has adopted a 60 day action plan to ease doing…
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BusinessFinanceNews
CBN releases new foreign exchange policy, directs banks to open retail outlets at airports
By omoh Gabriel Central Bank of Nigeria has modified its foreign exchange policy. In a release signed by the Bank Acting Director…
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The Nigerian-American Chamber of Commerce, NACC, has said that multiple foreign exchange rates ruling in the foreign exchange market creates distortion in the…
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Nigeria’s National Economic Council an economic advisory body has asked the Central Bank of Nigeria CBN to review its foreign exchange policy. This is…
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BusinessEconomyNews
MasterCard foundation makes case for youth employment training strategy in Africa
Innovative research released by The MasterCard Foundation is making the case for a new approach to youth employment training strategies in Africa.…
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The Central Bank of Nigeria said it was not queried by the Attorney General of the federation on foreign exchange sale as…
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The Asset Management Corporation of Nigeria on said Arik Air and the other firms belonging to its principal promoter, Johnson Arumemi-Ikhide, was…
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Central Bank of Nigeria (CBN) has said that it disbursed a total sum of $2.83 billion to intervene in the foreign exchange…