Securities and Exchange Commission (SEC) has sealed up the premises of Yuan Dong (YDEC). SEC, in a statement in Abuja said Yuan Dong…
Category:
Business
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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…
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Fitch Ratings has revised the Outlook on 4 Nigerian banks to Negative from Stable and affirmed the Long-Term Issuer Default Ratings (IDRs)…
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—-plan to raise oil production to 2.5 mbpd by 2020 —-Expand tax base —-to privatise selected assets —-to present document to creditors…
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Asset Management Company of Nigeria has taken over the operations of Arik Air to save it from total collapse. Arik Air has…
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BusinessEconomyNewsOil and Gas
Mrs, Aiteo and 122 others show interest in offshore sale of Nigeria crude
Sahara Energy, Glencore, Gunvpr, Aiteo, MRS, Trafigura and 122 other companies, have expressed their willingness to serve as off-takers for 800,000 barrels…
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Central Nank of Nigeria CBN said it has sold $660 million in three- and five- month currency forwards at an auction aimed…