CBN Reads The Riot Act To Abusers Of Naira
THE Central Bank has cautioned people who abuse the Nigerian legal tender, naira, advising them to desist from such act or face the wrath of the law.
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MAN Urges Banks To Comply With CBN Directives On Sale Of Forex
Manufacturers Association of Nigeria (MAN) has advised commercial banks to strictly adhere to the Central Bank of Nigeria (CBN) directives on the sale of foreign exchange to eligible customers. Dr Okwara Udensi, MAN Chairman, Edo/Delta chapter, made this appeal during a recent
Hushpuppi Provided Chauffeur For Abba Kyari During Trip To Dubai In 2019 – FBI
Despite Abba Kyari’s denial of having little or nothing to do with Ramon Abbas, popularly known as Ray Hushpuppi, who is currently being tried for fraud in the United States, more facts about their relationship have emerged. The United States Government named
CBN To Refund Pending Licence Applications Fees To Bureau De Change Promoters
The Central Bank of Nigeria (CBN) will commence the immediate refund of capital deposits and licensing fees to Bureaux de Change (BDC) promoters who have pending licence applications. The CBN announced this in a circular signed by Ibrahim Tukur, director of financial
Naira Gains At Official Investors Window
As the official investors and exporters windows closed on the 28th of July, the naira gained on the dollars closing N41.6/$1 representing a 0.02% appreciation compared to N411.65/$1 recorded on Tuesday, 27th July 2021. At the parallel market, naira declined significantly by
Enugu Airport Resumes International Operations Today
International flights will resume at the Akanu Ibiam International Airport, Enugu on Thursday, July 29. This was revealed on Wednesday by Chairman, House Committee on Aviation, Nnolim Nnaji, at the 25th annual conference of the League of Airport and Aviation Correspondents (LAAC).
Oil Price Gains 0.54%, Closes At $75
Brent Crude on Monday gained 0.54% to close at $74.5 per barrel, with WTI also recorded a 0.31% increase in price and Bonny Light growing 1.27% to close at $72.8 per barrel. However, Natural gas recorded a decline of 0.07% to close
Nigeria Set To Join Countries Using Digital Currency In October
Before the end of this year, Nigeria would have joined countries like South Africa, Tunisia, Ghana , Sweden, Japan, South Korea, and Russia in using digital currency. This follows the disclosure by the Central Bank of Nigeria (CBN) that the country would
Reps Want EFCC To Go After Emefiele, Kyari, Others
The House of Representatives has hinted at its decision to issue arrest warrants to about 54 heads of ministries, departments, and agencies (MDAs) of the Federal Government for allegedly refusing to answer audit queries. The heads of MDAs affected by this include
Nigeria’s External Reserves Decline By $180m In Two Weeks
Nigeria’s external reserves lost $180m in two weeks, the latest figures from the Central Bank of Nigeria indicates. The figure which stood at $33.28bn on July 1, has dropped to $33.09bn as at July 12 before a slight rise to $33.1 bn
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