List Of Nigerian Commercial Banks Barred From Forex Transactions by CBN
Nigeria’s apex financial institution, The Central Bank of Nigeria (CBN) yesterday being the 21st of August barred 9 Nigerian commercial banks from operating in Foreign Exchange transactions. The below listed banks according to CBN were suspended for failing to remit funds from NNPC into the Treasury Single Account Treasury.... Read more
Sell a Dolar at 197 to Hajj Pilgrims – Central Bank of Nigeria
Nigeria’ s apex financial institution The Central Bank of Nigeria, on Thursday, directed Nigerian banks and authorised forex traders to sell the Pilgrims Travelling Allowance, PTA, to intending pilgrims at a concessionary exchange rate of N197 to $1. Nigerian pilgrims leave the arrival hall of Mallam Aminu Kano International... Read more
We Can’t Source Forex to Pay our Debts – Oil Marketers to FG
Oil marketers on Friday in Abuja called on the Federal Government to assist them in making foreign exchange available for the importation of petroleum products. The marketers, under the umbrella of the Depot and Petroleum Products Marketers Association of Nigeria (DPPMAN), made the plea during a meeting with the... Read more
Prices of Tomatoes, Garri, Rice Goes Really High in Lagos
The prices of tomatoes, rice and garri, which went up at the turn of the season, have yet to come down in most markets in Lagos metropolis, the News Agency of Nigeria (NAN) reports. The survey, which was carried out at Mile 12, Whitesand and Iddo markets in Lagos... Read more
Nigerian Naira  Goes up against the Dollar at the Parallel Market
The Nigerian naira stays strong against the dollar at the parallel market on Friday, exchanging for N321 to the dollar. gathered that the naira gained N1 from N322 it traded previously. The naira was traded at N450 and N360 to the pound sterling and Euro, respectively at the market... Read more
China Just Scammed Nigeria, and Buhari Has No Idea (A Must Read)
Some Nigerians are jubilating over a $2b loan from China and the so nocknamed the Yuan trading deal. China wants to lend us 2 billion dollars, but they want to give us in Yuan and not the dollar itself. They are not handing us cash, but service exchange; meaning... Read more
Dubai to Build another World’s tallest Skyscraper ‘The Tower’ by Emaar
Currently the tallest skyscraper in the world is the 2,717ft Burj Khalifa with 163 floors built in 2010 located in the United Arab Emirates. Well they are set to do it back to back, as Dubai sets plans already to erect another magnificent skyscraper taller than the current. The projected... Read more
Why GTBank Latest 737 Simple Mobile Banking is a Beautiful Nonsense – Uc Artt Ekwueme
If you have a bank account with GTBank, this is a must read for you…. Last Month, Nigerians on social media were tricked by the suspenseful trend “What Is The 737?” popping up, from hashtags to sponsored ads and billboard campaigns. Little did we know that one of Africa’s... Read more
Dangote Group Building Biggest Oil Refinery in the World to End Fuel Scarcity
The Dangote Group, which is currently building what it calls the world’s largest refinery, has given an assurance that when the plant comes on stream, it will put an end to the recurring fuel crises in the country. The executive director, stakeholder management and corporate communications, Dangote Group, Mr... Read more
Nigerian Naira On the Fall Again In the Parallel Market
Naira has suffered a slight setback against the U.S. dollar in the black market as hopes on the revamping of Nigeria’s economy intensifies. See a screenshot of the value today, Wednessday, the 23rd of March, 2016. READ ALSO : Central Bank Of Nigeria Starts Review of Guide to Bank Charges... Read more
Central Bank Of Nigeria Starts Review of Guide to Bank Charges
Apex bank, The Central Bank of Nigeria (CBN) has revealed that it is currently reviewing the extant Guide to Bank Charge, which came into effect on April 1, 2013. The periodic review is carried out in order to ensure that the provisions of the guide is in tandem with... Read more
Photos : Explosion Hits CBN Building In Calabar
News reaching us right now is that a major explosion has occurred at the building of Central Bank Of Nigeria in Calabar the capital of Cross River State. Many feared dead, rescue team seen at the scene.   Although as at the time of this report, the cause of... Read more
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