The apex bank in a statement on Monday signed by O.S. Nnaji, director of trade & exchange of CBN, said recipients of such remittances may have the option of receiving such funds in the foreign currency cash or into their domiciliary account....
BUSINESS
The Federal Government has signed an agreement with Messrs La Mancha Incorporated to enable the foreign firm to invest in gold mining in Nigeria. It...
In a circular signed by O.S. Nnaji, director of trade and exchange at the CBN, and dated November 30, 2020, the apex bank said the volume of sales for each market is $10,000 per bureau de change (BDC)....
Also, the naira crashed further against the dollar, closing at N487/$1 at the parallel market on Wednesday, November 25, 2020, as the CBN Governor who alleged that the black market is a tainted market used for bribe and corruption, said the Nigerian official exchange rate should not be determined by the rate at the parallel market....
The Deputy Governor, Financial System Stability, CBN, and Chairperson of the National Financial Inclusion Technical Committee, Mrs. Aisha Ahmad, has applauded stakeholders for their concerted...
Activities on the floor of the Nigerian Stock Exchange closed on a negative note last week as the All-Share Index and market capitalization depreciated by...
Despite the impact of COVID-19 on businesses and income, the African Export-Import Bank (Afreximbank) has posted a net income of $217.06 million for the nine...
Forex turnover dropped by 39%, as Nigeria’s exchange rate at the NAFEX window depreciated against the dollar to close at N386/$1 during intra-day trading on...
For the third consecutive year, Dangote Group has emerged the Most Valuable Brand in Nigeria, the outcome of the 2020 edition of the Annual Brand...
State governments may be currently grappling with varying degrees of financial concerns, following the N180.4bn crash in their internally generated revenues and the allocations they...
Uber Technologies Inc said on Thursday demand for its food-delivery service exploded in the latest quarter, but recovery in its global rides business is being...
The Transcorp Power Consortium has acquired the 966 megawatts (MW) capacity Afam electricity generation company (GenCo) at N105 billion. The federal government and the Transcorp...
Suzuki Motor Corp on Thursday forecast operating profit to fall by a quarter to 160 billion yen ($1.5 billion) in the year to March as...
The Dangote Petrochemical Refinery project in Lagos is now 80 per cent completed with production projected to begin by the middle of next year, it...
Fidelity Bank Plc sustained its impressive financial performance with a strong third quarter results for the year 2020 released on the Nigerian Stock Exchange (NSE)....
The National Bureau of Statistics on Monday said N424.71bn was generated as VAT in the third quarter of the year. This was against N327.20bn generated...
