Business

The Central Bank (CBN) threatened on Friday to sanction banks denying Small and Medium Enterprises (SMEs) access to foreign exchange (Forex) from the newly instituted SMEs Forex Window. The window …

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks to suspend charges on over-the-counter or ATM withdrawals of above N500,000 or deposit of same amount. The apex bank’s …

Central Bank of Nigeria (CBN) says it has opened a special foreign exchange (forex) window for Small and Medium Enterprises (SMEs). It is to enable them import eligible finished and …

Central Bank of Nigeria (CBN), said, on Tuesday it will offer dollar forwards to be delivered within two months to offset a backlog of matured foreign exchange obligations to manufacturers, …

The naira, which in the last few days, recorded marginal losses, is likely to strengthen today as the Central Bank of Nigeria (CBN) will boost liquidity in the market with …

AFP photo Lloyd’s of London will open a Brussels office in early 2019 due to Brexit, the insurance market said March 30, one day after the U.K. government triggered the …

Increasing demand for the dollar at the parallel market on Thursday resulted in the rise of the greenback currency to N380 from N370 on Wednesday in Abuja. The News Agency …

REUTERS photo Oil fell further towards $50 a barrel on March 27, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to …

MRS Limited has absolved itself from allegations that it expropriated petroleum products belonging to the Nigerian National Petroleum Corporation (NNPC). NNPC’s Group General Manager, Group Public Affairs Division,  Ndu Ughamadu, …

The gap between the official  and the black market rates narrowed at the weekend, after the local currency firmed to N380 per dollar on the black market on Friday. On …