Afreximbank Boss To Speak On Economic Growth
The President and Chairman Board of Directors of African Export-Import Bank, Professor Benedict Oramah, will lead discussions on critical issues that will give further insights into the economic transformation of Africa at the 2023 Annual Lecture of The...
Foreign Airlines Trapped Funds Now $743m – IATA
The International Air Transport Association (IATA) on Tuesday disclosed that the trapped funds belonging to foreign airlines operating in Nigeria have risen by 12.39 per cent to $743,721,097 in January 2023 from $662m in the corresponding period...
CBN bans Agents using Merchants PoS Terminals for Transactions
By Kabir Abdulsalam
The Central Bank of Nigeria (CBN) has barred agents from using Point of Sale (PoS) terminals meant for merchants to carry out cash-in and cash-out transactions.
The apex bank disclosed this in a circular while...
Fuel Price Hike Imminent Over Poor Supply - Marketers
The disparity in the pump price of Premium Motor Spirit, popularly called petrol, is to further widen due to the incomplete delivery of products to many filling stations, oil marketers stated on Tuesday.
Dealers under the aegis...
Dollar Crisis: Banks Slash Foreign School Fees, Travel Allowance
Deposit Money Banks have slashed the amount of Personal Travel Allowance and schools fees their customers can apply for amid a worsening foreign exchange crisis.
Shortage of FX in the country has forced lenders to take drastic...
Cash Crunch: Nigerians Lament Loss of Lives, Properties
By Nafisat Bello
Residents of the Federal Capital Territory (FCT) have cried out on the too many tragic consequences of the ongoing cash crunch caused by the naira redesign policy of the federal government.
The residents said the loss...
