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Bureaux de Change want Chinese Yuan for customers

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the CBN to approve Renminbi (Yuan) disbursements to its members to deepen the China-Nigeria Swap deal.

World Cup: SWAN patron commends federal government for nominating Governor Ambode as delegate

The Federal Government had been commended for nominating Gov. Akinwunmi Ambode of Lagos State as a member of its delegation to the ongoing 2018 FIFA World Cup in Russia.

Forex: Central bank boosts Retail SMIS with $343.06 million

The retail Secondary Market Intervention Sales (SMIS) has received a boost of $343.06 million from the Central Bank of Nigeria (CBN), following the Bank’s intervention in the Foreign Exchange market on Thursday, June 14, 2018.

Expert warns against indiscriminate mixture, use of herbs

Mr Bukle Zukum, an entrepreneur from the National Board for Technology Incubation (NBTI) Jos centre says indiscriminate mixture of herbal remedies can adversely affect the wellbeing of citizens.

Central bank injects $210 million into foreign exchange market

The Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars to meet customers’ requests in various segments of the foreign exchange market.

NASRDA: Automated irrigation system will make farmers cultivate more

The National Space Research and Development Agency (NASRDA) says its Automated Irrigation System would make farming more attractive to young people and help farmers to cultivate all year round.

IATA: Nigeria clears $600 million belonging to international airlines

The International Air Transport Association on Tuesday said Nigeria has repatriated the $600 million, belonging to international airlines that was trapped in the country due to foreign exchange shortages.

Central bank injects $331.41 million into forex market

The bank said the funds were allocated to companies in the agricultural, airline, petroleum and machinery sectors.

Euro suffers fresh losses in Asia as Italy faces political crisis

The euro extended losses in Asian trade Tuesday as political uncertainty in Italy stoked fresh fears about the eurozone.

Lai Mohammed: No government in history has done so much with so little as...

The Muhammadu Buhari administration was, yesterday, counting its successes after three years, saying no administration has equalled it in doing so much with so little.

Central bank mandates bureaux de change to access foreign exchange window thrice weekly

The Central Bank of Nigeria has made it mandatory for all the Bureau de Change operating in Nigeria to access Foreign Exchange from it thrice a week.

Central bank directs commercial banks, bureaux de change to sell forex to eligible travellers...

The Central Bank of Nigeria (CBN) on Sunday directed all commercial banks and Bureau de Changes (BDCs) to sell foreign exchange (Forex) to all eligible travelers over the counter, regardless of their customer status.

Yemi Kale: Why Nigeria is now investors’ best destination

The immediate post-recession period when the fundamentals of the economy are at the early stages of recovery is the best time to invest in Nigeria, the director general, National Bureau of Statistics (NBS), Yemi Kale, has said.

CBN boosts forex market with $100m, warns erring banks

In an apparent move to safeguard the interest of customers seeking to purchase foreign exchange for personal obligations and checkmate any attempt at causing panic in the market, the Central Bank of Nigeria (CBN) on Thursday, May 24, 2018, released the sum of $100 million into the Nigerian Forex market.

Ex-President Obasanjo lists qualities of good leadership

A former President, Olusegun Obasanjo, on Tuesday said that leaders at all levels must provide the four components of good leadership to justify their elections or appointments.

Federal government compels shippers to open disbursement accounts with foreign principals

In keeping with Article 4 of United Nations Conference on Trade and Development (UNCTAD) minimum standards for shipping agents all over the world, the Federal Government has now compelled all shipping agencies to open Disbursement Accounts (DAs) from where they will carry out operational costs for their multinational principals overseas.

CBN: 41 items still banned under Nigeria-China currency swap deal

The Central Bank of Nigeria (CBN) said the Nigeria-China currency swap deal would not cover the importation of the 41 items banned in its 2015 circular on items not valid for foreign exchange.

Central bank injects $210 million in forex market

The Central Bank of Nigeria (CBN), yesterday boosted the inter-bank Foreign Exchange market with another sum of $210 million.

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World Cup: Brazil panic over fresh Neymar injury

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Governor Emmanuel inaugurates $45m International market

Gov. Udom Emmanuel of Akwa Ibom, on Monday inaugurated the $45 million International market (Urua Nka) in Eket Local Government Area of Akwa Ibom.

Banned ex-FIFA supremo Sepp Blatter flying to Moscow for World Cup

Banned former FIFA president, Sepp Blatter, will fly to Moscow on Tuesday, his spokesman told Reuters.

Dietician: Underweight women prone to reproductive challenges

Underweight women are predisposed to suffer reproductive issues due to hormonal imbalance, Dr. Ayodeji Abdulrasheed, a dietician, said on Tuesday.