Home Topics Foreign Exchange
Zambia’s dollar-denominated government bonds jumped on Monday after the country’s president sacked Finance Minister Margaret Mwanakatwe and appointed central bank deputy governor Bwalya Ng’andu to replace her.
The Central Bank of Nigeria (CBN) says it has made another intervention of 298.71million dollars in the retail Secondary Market Intervention Sales (SMIS).
The Executive Director, Nigerian Export Promotion Council ( NEPC), Mr Segun Awolowo, says plans are on by the Council to raise 150 billion dollars revenue from sources outside the nation’s oil sector in the next 15 years.
National Agency for Food, Drug Administration and Control (NAFDAC) says `Nsukka pepper’, a popular local pepper spice, has pushed Medium, Small and Micro Enterprises (MSMEs) seasoning registration in South-East.
The Nigerian Air Force (NAF) on Monday relaunched its newly refurbished transport aircraft C-130H into its fleet and deployed same to supply weapons, others to northeast and northwest battlefields.
Nigeria’s central bank said on Friday it will close the bank accounts of firms caught smuggling into the country any goods for which access to foreign exchange has been restricted.
President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to blacklist any firm, its owner and top executives caught smuggling any of the 43 items ineligible for foreign exchange (forex).
A number of African countries are holding up funds by airline operators as a result of foreign exchange crunch, the International Air Transport Association, IATA, has disclosed. Amongst them are Eritrea, Zimbabwe, Angola and Algeria.
The Lagos Chamber of Commerce and Industry (LCCI) says the quality of the nation’s infrastructure, policies and institutions are crucial to driving economic diversification.
The Governor, Central Bank of Nigeria, CBN, Mr Godwin Emefiele, yesterday said that the apex bank will sustain its use of unconventional monetary policy to boost economic growth and enhance price stability.
Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, on Friday said his second tenure will consolidate on the economic growth already recorded, even as he promised economic saboteurs hell.
An Economist, Mr Rasheed Yusuf, has urged CBN to sustain its ban on 40 items from accessing foreign exchange at the official window to promote their local production and generate more jobs.
The Central Bank of Nigeria has said mechanised farming is the way out of poverty and unemployment that is currently confronting the country, as it urged citizens to strive to engage in productive ventures to improve their standard of living.
The Minister of Industry, Trade and Investment, Okechukwu Enelamah, says the N14.3 billion meant for Nigeria Special Economic Zones Company (NSEZCO) is still in Central Bank of Nigeria account.
Ibukun Awosika, Chairman, First Bank of Nigeria (FBN), has stated that Nigeria can indeed earn a lot of foreign exchange (FOREX) from the movement of its citizens to other countries.
National Emergency Management Agency (NEMA), on Monday accused members of the Shiite group, Islamic Movement of Nigeria, of burning down two ambulances at the Agency’s Emergency Response and Ambulance Bays (ERABs) in Abuja.
Activities on the nation’s bourse opened for the week on Monday on downward posture, with crucial market indices shedding 0.40 per cent.
The Federal Government has revealed that the new minimum wage of N30,000 is yet to be implemented in full across the board in the Federal Civil Service because of unrealistic demands of the labour unions.
Abba Kabir-Yusuf, the Peoples Democratic Party (PDP) candidate in the March 23 Governorship election in Kano State, on Monday, tendered 241 exhibits before the state Governorship Election Petition Tribunal.
The Federal Government on Monday in Abuja affirmed its readiness to deploy biogas for electricity generation in the country.
One of the 13 suspects, Ibrahim Abdullahi, who abducted the traditional head of Daura, Magajin Daura, Alhaji Musa Umar, has disclosed that they were trained in Libya, adding that they demanded $30 million ransom for his release.
While Newcastle reportedly prepare to make Steve Bruce their next manager, the Magpies will try to wrap up their first purchase of the summer window.
Socio-Economic Rights and Accountability Project (SERAP) has sent a petition to Mrs. Fatou Bensouda, Prosecutor, International Criminal Court (ICC), urging her to use her “good offices to investigate whether the problem of out-of-school children in Nigeria, and the failure of the Nigerian authorities over the years to address it amount to violence against children and crimes against humanity within the jurisdiction of the ICC.”
Super Eagles’ midfielder Alex Iwobi has hailed the Super Eagles’ third place finish at the 2019 Africa Cup of Nations (AFCON), saying it was a great achievement for a young team.Guinea, Burundi
Rivers State Deputy Governor Dr. Ipalibo Harry Banigo, has reiterated the State Government’s determination to totally terminate terror attacks on the state’s marine corridor.