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Inter Bank dealing likely
The present ban on inter-bank dealings on foreign exchange will be lifted at the end of the current two-tier exchange system investigation…
Read More SFEM stifles the economy
THE Second-tier Foreign Exchange Market (SFEM) Is an arrangement for dealing in foreign exchange at market determined rates. The SFEM which is…
Read More Impact of rise in oil prices not yet fully felt — Okongwu
Minister of finance Dr. Chu Okongwu has said that the impact of the increase in oil price of $18 per barrel has…
Read More Awo’s tomb for tourist attraction
The Nigerian Tourist Board, NTB, is to prepare the final resting place of Chief Obafemi Awolowo for tourism as soon as the…
Read More Cross Rate Vis a vis other currencies
Name of Currency Buying Central Selling US Dollar 4.2774 4.2989 4.3204 Pound Sterling 7.0513 7.0867 7.1222 Duetsche Mark 2.3534 2.3653 2.3771 Swiss…
Read More Suspended private airlines to receive licenses soon
Private Airlines which had their operating licences suspended by the Buhari administration may soon have cause to smile. This is because their…
Read More Nigeria’s reserves fall
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…
Read More Nigeria records N4.8b reserves
Nigeria‚Äôs Foreign Reserves amounted to N4.8222 billion at the end of August 1986, Central Bank of Nigeria, CBN sources have said. According…
Read More Reasons why stock prices remain
The prices of quoted shares of some companies at the Stock Exchange remain high for the second week running. Although some of…
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