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Forex

FX crisis could push electricity tariff up as FG plans review in December

THE foreign exchange crisis currently confronting the country could see a marginal increase in electricity tariff, The ICIR's findings have shown. Nigeria has been facing...

CBN again warns commercial banks to desist  from forex malpractices

THE Central Bank of Nigeria (CBN) has warned deposit money banks (DMBs) to desist from all forms of malpractice in foreign exchange (FX) transactions. The...

FX supply: CBN directs commercial banks to set up teller points

THE Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) to set up teller points in designated branches to facilitate the sale...
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CBN pumps $218.41 million into foreign exchange market

THE Central Bank of Nigeria (CBN) as part of its effort to sustain the foreign exchange market has pumped the sum of $218.41million into...

Analysis: Despite forex restriction on milk importation, Nigeria’s apex bank still fund dairy imports

PUBLIC outcry and criticism greeted the supposed ban of the importation of dairies in Nigeria by the Central Bank of Nigeria in July, and...

CBN does not require approval of Buhari to function- Moghalu

FORMER Central Bank of Nigeria deputy president, Professor Kingsley Moghalu who contested against President Mohammadu Buhari in the 2019 presidential election has criticised the...
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‘Federal Republic of Jesters’… Twitter reactions to proposed forex subsidy for pilgrims

  Many Nigerians have expressed disappointment at the Senate for passing a resolution urging the Federal Government to approve a concession of N200 to 1$ for...

House Of Reps Fixes Exchange Rate at N350 To A Dollar

The House of Representatives on Tuesday adopted the 2017 to 2019 Medium Term Expenditure Framework, MTEF, and Fiscal Strategy Paper, FSP, with exchange rate fixed at N350 to a dollar.

Recent

SEC will be strengthened to reposition Nigeria’s capital market, says Finance Minister

THE Federal Government has said it would strengthen the Securities and Exchange Commission (SEC) to reposition the Nigeria’s capital...

Police arrest two herders over Badagry killing

THE Lagos State Police Command has arrested two cattle herders for their alleged involvement in the killing of a...

Poynter offers refugee crisis, US Immigration reform webinar

Poynter is hosting a webinar with the theme: 'How Many, Which Ones? The Refugee Crisis and US Immigration Reform'. The...

Police arrest Gulak’s suspected killer in Imo

THE Imo State Police Command on Monday said it has arrested one of the suspected killers of Ahmed Gulak, an...

2023: Tinubu travels to France for ‘important meetings’

ALL Progressives Congress (APC) presidential candidate Bola Tinubu has travelled to France for undisclosed 'important meetings'. Tinubu, according to his...
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