Indications are that the economic recession that hit the country is gradually easing off as Nigerian private sector activity expanded for a…
Category:
Business
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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…
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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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