Abuja- The Central Bank of Nigeria (CBN) has issued licence to more International Money Transfer Operators (IMTOs) to operate in Nigeria. This is contained in a statement issued by Mr Isaac Okoroafor, the Acting Director, Corporate Communications of the apex bank, in Abuja on Tuesday. Okoroafor said that the licensing was in furtherance of efforts […]Continue Reading
Lagos – Mr Muda Yusuf, the Director-General, Lagos Chamber of Commerce and Industry (LCCI), has advised the CBN to be careful of likely effects of its policies, actions and pronouncements. A statement by Yusuf in Lagos on Monday said that CBN’s policies, actions and pronouncements could have serious effects on the foreign exchange market. He […]Continue Reading
Abuja – The Central Bank of Nigeria (CBN) has re-admitted the United Bank for Africa (UBA) Plc into the Foreign Exchange Market effective from Thursday. This is contained in a statement signed by the Director, Banking Supervision, Mrs Tokunbo Martins in Abuja on Wednesday. According to it, UBA had returned all outstanding unremitted Nigerian National […]Continue Reading
Sango-Ota (Ogun) – Dr Samuel Nzekwe, a financial expert, has advised the CBN to increase its weekly foreign exchange sale limit of 50,000 dollars to Bureau De Change (BDC) operators. Nzekwe, a former President, Association of National Accountants of Nigeria (ANAN), gave the advice in an interview with the News Agency of Nigeria (NAN) on […]Continue Reading
For more news updates and commentaries click below to join us on WhatsApp
