CBN clarifies new directives on SFEM The Central Bank of Nigeria, CBN, has clarified some aspects of its new directives to authorised dealers in foreign exchange. In the…
CBN officials too wary of the press The Central Bank of Nigeria, CBN, as the key financial institution in the country cannot but attract press coverage of its activities.…
Gulf oil review cash benefits to employees Gulf Oil Nigeria Limited has reviewed the cash benefits to beneficiaries of the company‚Äôs long service award. The review which became effective…
FEM order on airline operations It is now mandatory for airline operating in the country to show evidence of use aircraft when applying for foreign exchange under…
New documentation for foreign exchange by vessel owners Owners of chartered fishing and other shipping vessels in the country are now required to fulfill new documentation conditions before they apply…
Lagos Trade Fair attracts 136 firms A total of 136 Nigerian companies have registered with the Lagos Chamber of Commerce and Industry for the 7th Lagos International Trade…
CBN issues guidelines to exporters The Central Bank of Nigeria, CBN, has made the first major move to save exporters from being banned from foreign exchange dealings.…
Bankers call for review of 1968 Act The 1968 banking act should be reviewed to enable commercial banks own equity in companies they finance thereby ensuring the growth of…
Accountants raise eyebrow Some members of the accounting profession have raised an eyebrow over audit reports on firs by some auditing firms in the country.…
Nigeria record 196% jump in forex Nigeria earned a total of N14.097 billion exchange in the first seven months of this year showing an increase of 196.9 per…
Six nations to participate in Delta Steel Industries Six foreign countries are to participate in Nigeria‚Äôs multi-million naira Delta Steel ancillary industries. Already, China and Norway have made formal requests…
UBA‚Äôs new interest rates won‚Äôt affect previous loans and deposits United Bank for Africa, UBA, new interest rates will not affects loans and fixed deposits contracted before the deregulation. According to UBA…
Prices of consumer goods on the increase in FESTAC Prices of goods and services in Festac Town, Lagos have gone up astronomically, recording an estimated 100 per cent increase on the…
Maize dominates UACN marquis farm About 500 hectares of the UACN marquis form have been planted with maize. The marquis farm is the fourth of UACN‚Äôs agricultural…
That ban on young banks EVERY Nigerian admits that her most dominated economic problem is the current shortage or scarcity of foreign currency for her capital and…