Browsing: News

About 500 hectares of the UACN marquis form have been planted with maize. The marquis farm is the fourth of UACN‚Äôs agricultural…

EVERY Nigerian admits that her most dominated economic problem is the current shortage or scarcity of foreign currency for her capital and…

The CBN has so far terminated the appointment of 60 of its staffers found to be highly involved in the N100 million…

The recent hike at the Nigerian Stock Exchange, is still generating furors in official quarters. The Securities and Exchange Commission, the apex…

Foreign nationals mainly Asians have deviced various means of beating the provisions of the Foreign Exchange Market, FEM. Informed sources told The…

Four banks have been approved to handle the foreign exchange transactions of pilgrims during the 1987 Hajj operations. The banks are: First…

A new form on which authorised SFEM dealers are expected to make full returns of all transactions to the Central Bank of…

The Central Bank Financial Think Tank has sent a strong recommendation to the federal government on the deregulation of interest rates asking…

Economic saboteurs have resorted to forging invoices and tenders purportedly sent by business associates abroad and requesting advanced payment in foreign exchange…

It is now mandatory for authorised dealers under SFEM to submit a detailed list of transactions with Central Bank of Nigeria, CBN,…

The present ban on inter-bank dealings on foreign exchange will be lifted at the end of the current two-tier exchange system investigation…

THE Second-tier Foreign Exchange Market (SFEM) Is an arrangement for dealing in foreign exchange at market determined rates. The SFEM which is…

Minister of finance Dr. Chu Okongwu has said that the impact of the increase in oil price of $18 per barrel has…

The Nigerian Tourist Board, NTB, is to prepare the final resting place of Chief Obafemi Awolowo for tourism as soon as the…