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Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Thursday directed Deposit Money Banks in the country to render returns on foreign exchange in a uniform format. The apex bank has been under pressure in the last few weeks over its policy on foreign exchange management which some people have ...

Folashade Adebayo The Permanent Secretary, Lagos State Ministry of Youths and Social Development, Mr. Hakeem Muri-Okunola, has called on the Nigeria Police Force, especially officers in the various gender units of the Police Divisions, and other relevant stakeholders in the protection of children’s rights, to internalise the provisions of the ...

Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Thursday said it made available $2.83bn worth of foreign exchange for the importation of various types of equipment in the real sector of the economy between December 2016 and January this year. The amount was made available to the manufacturers to ...

Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Thursday directed Deposit Money Banks in the country to render returns on foreign exchange in a uniform format. The apex bank has been under pressure in the last few weeks over its policy on foreign exchange management which some people have ...

Le Olalekan Adetayo, Abuja The National Economic Council on Thursday called on the Central Bank of Nigeria to embark on an urgent review of its foreign exchange policy. The council also resolved to inject fresh $250m into the Sovereign Wealth Fund. The decisions were taken at the council’s first meeting ...

The National Economic Council (NEC)  yesterday asked the Central Bank of Nigeria (CBN) to urgently review its foreign exchange policy. The NEC, chaired by Acting President Yemi Osinbajo, noted that the exchange rate, which had adversely affected the prices of goods and services, is no longer sustainable. The naira exchanges for ...

The Federal Government has explained why it did not release the Budget Support Facility (BSF) to the Ekiti State government. A statement from the Federal Ministry of Finance yesterday, signed by Salisu Na’Inna Dambatta, Director (Information), described Governor Ayo Fayose’s claims as “incorrect as the ministry has not withheld any ...

The Central Bank of Nigeria (CBN) yesterday said it does not directly allocate foreign exchange (forex) to bank customers. Forex transactions occur between banks and their customers, the apex bank added. Special Adviser to the CBN Governor on Financial Markets Emmanuel Ukeje stated this on a television programme while responding ...

…Denies selling forex to bank customers directly In clearing backlog of dollar demands in the country, the Central Bank of Nigeria (CBN) said it has disbursed the sum of $2.83 billion for utilization in the critical sectors of the economy such as manufacturing, agriculture aviation, petroleum products between December 2016 ...

Arik Air was taken over by Assets Management Company of Nigeria AMCON because the airline was owing it N146 billion, out of a total N352.5 billion owed global creditors, AMCON’s CEO Ahmed Kuru has said. He made this known at a meeting with the Senate Committee on Banking, Insurance and ...