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Business

Nigerian govt approves N1.6bn for procurement of customs vehicles

By Ahmed Idris The Federal Executive Council (FEC) on Wednesday approved approved N1.6 billion for the procurement of 68 anti-smuggling vehicles for the Nigeria Customs Service. Addressing State House correspondents

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Nigerian govt okays two Executive Orders, five amendments of tax policies

By Ahmed Idris The Federal Executive Council (FEC) on Wednesday approved two Executive Orders and five Amendment Bills to the country’s tax policies aimed at reducing tax burden on Nigerians

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AfDB President in São Tomé and Príncipe to strengthen alliances

By Nasir Kura The first President of the African Development Bank group to set foot on São Tomé and Príncipe, Mr. Akinwumi Adesina, has arrived in the country for a

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Forex: CBN okays wider margin for BDCs, $100m for wholesale segment

…Invisibles, SMEs windows get $55 m each By Nasir Kura The Central Bank of Nigeria (CBN) has approved an upward review of the trading margin available to operators of Bureau

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Forex: CBN sells $331.41m at SMIS

By Ahmed Idris In continuation of its push to guarantee foreign exchange liquidity, the Central Bank of Nigeria (CBN) on Friday, June 1, 2018 sold a total of $331.41 million

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CBN sustains FOREX market intervention with $210m

By Nasir Kura The Central Bank of Nigeria (CBN), on Wednesday, May 30, 2018, again sustained its supply in the inter-bank Foreign Exchange market with the sum of $210 million.

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Ecobank named Africa’s best, most innovative retail bank

Ecobank has won two major awards at the African Banker’s prestigious ceremony held at the Paradise Hotel in Busan, South Korea. The bank was named Best Retail Bank in Africa

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Forex: CBN intervenes with another $210m

By Nasir Kura The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market. In its

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CBN urges customers to report banks that refuse to sell BTA, PTA forex

The Central Bank of Nigeria (CBN) has reliably gathered that some banks are turning back customers that come to purchase BTA/PTA and forex for pilgrimage. We hereby appeal to bank

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Buhari yet to receive 2018 budget – Minister

By Ahmed Idris The Minister of Budget and National Planning, Mr. Udoma Udo Udoma, said on Wednesday that President Muhammadu Buhari is yet to receive the 2018 budget a week

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