EVERY Nigerian admits that her most dominated economic problem is the current shortage or scarcity of foreign currency for her capital and…
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News
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The CBN has so far terminated the appointment of 60 of its staffers found to be highly involved in the N100 million…
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The recent hike at the Nigerian Stock Exchange, is still generating furors in official quarters. The Securities and Exchange Commission, the apex…
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Foreign nationals mainly Asians have deviced various means of beating the provisions of the Foreign Exchange Market, FEM. Informed sources told The…
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Four banks have been approved to handle the foreign exchange transactions of pilgrims during the 1987 Hajj operations. The banks are: First…
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A new form on which authorised SFEM dealers are expected to make full returns of all transactions to the Central Bank of…
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The Central Bank Financial Think Tank has sent a strong recommendation to the federal government on the deregulation of interest rates asking…
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Economic saboteurs have resorted to forging invoices and tenders purportedly sent by business associates abroad and requesting advanced payment in foreign exchange…
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It is now mandatory for authorised dealers under SFEM to submit a detailed list of transactions with Central Bank of Nigeria, CBN,…
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The present ban on inter-bank dealings on foreign exchange will be lifted at the end of the current two-tier exchange system investigation…
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THE Second-tier Foreign Exchange Market (SFEM) Is an arrangement for dealing in foreign exchange at market determined rates. The SFEM which is…
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Minister of finance Dr. Chu Okongwu has said that the impact of the increase in oil price of $18 per barrel has…
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The Nigerian Tourist Board, NTB, is to prepare the final resting place of Chief Obafemi Awolowo for tourism as soon as the…
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Private Airlines which had their operating licences suspended by the Buhari administration may soon have cause to smile. This is because their…
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Nigeria‚Äôs foreign reserves declined by 4.7 per cent from N3,604.2 million at end of the December 1986 to N3.435.1 million at the…