CBN To Sanction Customers Converting Naira To Dollar
The Central Bank of Nigeria (CBN) yesterday read the riot act to bank customers, especially politicians, converting naira to the dollar as electioneering spending spike.
The CBN, which also raised interest rate from...
WTO Commits N12bn For Fisheries Development In Nigeria, Others
The World Trade Organisation is committing about N12 billion ($20m) into fisheries development in Nigeria and other member countries as part of efforts to prohibit harmful fisheries subsidies.
The Director General of...
FG To Continue $3.5bn Eni/Shell Suit As Italy Drops Charges
Nigeria will continue its $3.5bn civil claim against Shell Plc and Eni SpA after Italian prosecutors dropped criminal proceedings against the companies, a lawyer representing Africa’s largest crude producer said.
Bloomberg...
$10bn Spent Annually On Education, Medical Tourism - Emefiele
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele yesterday said $10 billion is spent annually on medical and education tourism.
Speaking during the Monetary Policy Committee (MPC) meeting in Lagos, he...
Like Nigeria, Indonesia may Block Facebook, Google, WhatsApp over New Regulations
The Indonesian authorities are set to block social media applications and online sites including Google, Facebook, and WhatsApp.
The decision of the Indonesian government is similar to a recent indication...
Banks Review Forex Sale Policy As Dollar Scarcity Persists
Commercial banks have reviewed their policy on forex sales to Nigerian students abroad and travellers.
Quarterly dollar disbursements to customers were slashed, with a limit to students schooling abroad pegged at $1,500...
