No plans to probe Emir of Kano, Soludo – Presidency by Patrick Akpu August 30, 2016 0 The Presidency on Monday refuted reports that it was planning to probe the tenures of Emir of Kano, Dr Muhammadu ...
CBN orders banks to freeze accounts of companies “masking” as individuals by Patrick Akpu August 26, 2016 0 The Central Bank of Nigeria (CBN) has directed deposit money banks (DMBs) to freeze accounts of companies “masking” as individuals ...
Forex shortage: Naira exchanges at 409/dollar by Patrick Akpu August 26, 2016 0 The naira exchanged at an all-time low of 409 to a dollar at the parallel market on Thursday. This comes two days ...
Forex ban: First Bank, FCMB, others explain why they’re withholding NNPC/NLNG dollar funds by Patrick Akpu August 25, 2016 0 Some of the banks barred from the foreign exchange market over non-remittance of the Nigerian National Petroleum Corporation/Nigeria Liquefied Natural Gas ...
CBN lifts forex ban on UBA but other banks remain suspended by Patrick Akpu August 24, 2016 1 The Central Bank of Nigeria (CBN) has removed the United Bank for Africa (UBA) from the list of nine banks banned from ...
We’ve remitted all NNPC/NLNG dollar deposits to TSA – UBA by Patrick Akpu August 24, 2016 0 The United Bank of Africa (UBA) says it has remitted all the NNPC/NLNG dollar deposits to the Treasury Single Account (TSA) ...
Diamond Bank reacts to CBN ban on forex market, says it won’t affect customers by Patrick Akpu August 24, 2016 0 Diamond Bank has reacted to the announcement by the Central Bank of Nigeria (CBN) that nine banks (including Diamond Bank) ...
272 firms shut down, over 180,000 jobs lost in one year – MAN by Patrick Akpu August 24, 2016 0 Manufacturers and other private sector operators on Tuesday painted a gloomy picture of how the foreign exchange restriction placed on ...
CBN bars 9 banks from forex market over failure to remit NNPC’s $2.334bn to TSA by Patrick Akpu August 24, 2016 7 The Central Bank of Nigeria (CBN) on Tuesday barred nine banks from the nation’s foreign exchange market for failing to remit ...
CBN orders banks to sell 60% forex to manufacturers by Patrick Akpu August 23, 2016 0 The Central Bank of Nigeria (CBN) has ordered banks to allocate 60 per cent of their total Foreign Exchange (Forex) purchases from ...
Skye Bank is not distressed – CBN by Patrick Akpu August 18, 2016 0 The Central Bank of Nigeria (CBN) has said that Skye Bank is not distressed or liquidated. It urged customers to disregard ...
Armed robbers attack convoy of CBN bullion vans by Patrick Akpu August 16, 2016 0 Armed robbers attacked a convoy of bullion vans belonging to the Central Bank of Nigeria (CBN) in the early hours ...
South Africa overtakes Nigeria as Africa’s largest economy by Patrick Akpu August 11, 2016 0 South Africa’s economy has regained the position of Africa’s largest in dollar terms more than two years after losing it ...
Naira strengthens against the dollar by Patrick Akpu August 10, 2016 0 The Naira on Wednesday appreciated against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports. The ...
Emefiele explains “N197 forex subsidy” for Hajj pilgrims by Patrick Akpu August 9, 2016 0 Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has said that neither the bank nor the federal government subsidised foreign exchange ...