CBN releases updated list of IMTOs in Nigeria
The Central Bank of Nigeria (CBN) has published an updated list of International Money Transfer Operators (IMTOs) approved for Diaspora Remittances in the country as
Author : AbisolaTHOMPSON
FG warns against travelling to India, South Africa, Turkey, Brazil
The Federal Government has warned Nigerians against travelling to countries that are recording a third wave of the COVID-19 pandemic, especially India where they largely
Nigerians losing money to investment scams – EFCC
The Economic and Financial Crimes Commission on Monday raised the alarm at the rate Nigerians send petitions bordering on fraudulent investment schemes that promised high
Oil imports gulped $1.32bn in 2020, says CBN
The quantity of foreign exchange used for oil imports in 2020 was $1.32bn, compared to $2.10bn in 2019, the latest data from the Central Bank
Mambilla power: NLC, others oppose 50% capacity reduction
The Nigeria Labour Congress and other stakeholders in the power sector on Monday kicked against the decision of the Federal government to reduce the capacity
Commercial banks’ loan exposure to government hits N1.8 trillion
*****As commercial bank loan portfolio exceeds 20tr The total commercial loans to the government, at all levels, rose to N1.77 trillion at the close of
Airlines retain 100% fare hike over forex scarcity, Jet-A1 price spike
More than 25 aircraft stuck overseas due to liquidity crisis Experts hinge aviation survival on local refineries, special FX window, interlining arrangements It’s unfortunate to
Banking sector credit to private sector rises 2.5 % to N20.37tr
The National Bureau of Statistics (NBS) says banks in the country disbursed a total of N20.37 trillion as credit to the private sector in the
FG doles out N120bn subsidy to cushion tariff adjustment
The Federal Government has released another N120 billion through the Central Bank of Nigeria (CBN) to subsidise those on tariff bands D and E with
Remittance: ABCON advocates measures to counter cryptocurrencies
Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to introduce measures that will counter the
