SANCTIONS await banks, their customers and businesses that abuse the Central Bank of Nigeria’s (CBN’s) policy restricting foreign exchange (forex) allocation to 41 items. Culprits are to be investigated and sanctioned, the apex bank said yesterday through …
By Babajide Komolafe In continuation of its foreign exchange restriction on 41 items popularly known as ’41 items policy’, Central Bank of Nigeria, CBN, yesterday, increased the number of items banned from accessing foreign exchange to 42 as it imposed …
Mounting concerns over Nigeria’s infrastructure deficit re-echoed over the weekend as Mary Uduak, acting director general of the Securities and Exchange Commission (SEC), disclosed that the country’s infrastructure deficit would hit hit $878 billion by …
Nike Popoola The Central Bank of Nigeria has included fertiliser on the list of 41 import items classified as ‘not valid for foreign exchange’ in the Nigerian forex market. The CBN disclosed this on Monday in a circular on ‘Inclusion of some imported goods …
By Chris Agabi | Published Date Dec 10, 2018 20:06 PM *decries abuse of forex restriction on 41 items The Central Bank of Nigeria (CBN) on Monday barred official foreign exchange (Forex) allocation to fertiliser imports. In a circular dated October 10, …
Nigeria’s I&E Window Slips to US$1.98 billion in November The total capital importation through the Investors’ and Exporters’ foreign exchange window (I&E window) in November 2018 was a total of US$1.98 billion. The amount recorded in November, …
South African telecoms firm MTN Group was still in talks with Nigerian authorities over an $8.1-billion dispute and a $2-billion tax demand in a bid to reach an agreement, Africa's biggest mobile operator said on Monday. The dispute is over the …
JOHANNESBURG, Dec 10 (Reuters) - South African telecoms firm MTN Group was still in talks with Nigerian authorities over an $8.1 billion dispute and a $2 billion tax demand in a bid to reach an agreement, Africa’s biggest mobile operator said on Monday. …
The efforts of telecom operators to offer Nigerians fast Internet connectivity via 4G network is being hindered by multiple challenges, IFE OGUNFUWA examines them The adoption of fourth generation of mobile network technology, 4G, by Nigerians has faced …
A Policy shift at the Central Bank of Nigeria (CBN) has brought reprieve to the troubled naira. The currency remained fairly resilient last week as the CBN injected $210 million into the inter-bank foreign exchange (forex) market to provide liquidity and …
By Udora Orizu in Abuja One of the leading companies on forex trading, Alpari has called on Nigerians to venture into currency trading and take advantage of the opportunities that are bound for wealth creation. Speaking during a training organised by …
…reiterates warning to banks The list of 41 import items not eligible for foreign exchange in the official forex market introduced by the Central Bank of Nigeria (CBN) in 2015, has increased to 42, as the apex bank has included fertilizer among the items …
Godwin Emefiele, CBN governorGovernor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele, while delivering the annual lecture of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos recently , gave clue to the business community on what to …
The Naira gained 0.82 per cent against the Dollar to close at N363.00 at the parallel market segment of the foreign exchange market as transfer rates appreciated by 0.27 per cent to close at and N368.00 on Monday. The local currency depreciated 0.02 per …
Less than 24 hours after the Federal Government announced that it would pay N236bn to oil marketers this Friday as the first tranche of the outstanding subsidy claims, Depot and Petroleum Products Marketers Association of Nigeria, DAPPMA, on Sunday ordered …
The quest to amass a sizeable portion of consumer funds in a highly competitive financial environment is becoming expensive for Nigerian banking institutions, as a total of 11 banks spent N555 billion in servicing customers’ accounts in a nine-month period …
A financial expert, Mr Tony Edeh, has urged the National Assembly to pass the bill establishing Nigeria Mining Commission into law to facilitate the diversification of economy, driven by the present administration. Edeh, the Managing Director of …
Independent fuel marketers pulled out of the ultimatum issued by their counterparts to the Federal Government on payment of N800 billion subsidy debts, while the meeting called by the government to address the ultimatum ended in stalemate. Adeola Yusuf …
Chief Executive, Diamond Bank Plc, Mr. Uzoma Dozie, said: “The move to a national banking license marks a continuation of our strategy to focus on Nigeria’s significant fundamental trends, including a large underbanked population and Africa’s biggest …
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Royston Carr Asset Management – Abe says no deal Brexit could threaten economic stability. TAIPEI CITY, TAIWAN, December 10, 2018 /EINPresswire.com/ -- Japanese Prime Minister Shinzo Abe recently called on UK Prime Minster Theresa May to …
American Fidelity Assurance Company once again made FORTUNE magazine’s and the Great Place to Work Institute’s Best Workplaces for Diversity list. OKLAHOMA CITY, OK, USA, December 10, 2018 /EINPresswire.com/ -- American Fidelity Assurance …
DALLAS, TEXAS, UNITED_STATES, December 10, 2018 /EINPresswire.com/ -- Peregrine Energy Partners has agreed to acquire producing and non-producing oil and gas royalties in Madison County, Mississippi from an undisclosed seller. This …
BIRMINGHAM, ALABAMA, US, December 10, 2018 /EINPresswire.com/ -- Juke has changed the world of self-ordering kiosks with innovative solutions designed to generate substantial revenue for restaurants. Now, the thriving Alabama start-up allowing …
A London based startup is building a challenger platform for Capital fund raising for Enterprises based on Blockchain and Artificial Intelligence technologies. LONDON, BERKSHIRE, UNITED KINGDOM, December 10, 2018 /EINPresswire.com/ -- Sovren …
To acquire and report on data from many sources efficiently and error free is a big challenge for family offices. Ndex launches the tools and support to do so. BOSTON, MASSACHUSETTS, USA, December 10, 2018 /EINPresswire.com/ -- To meet the …
Newbean Capital today announced an agreement to sell its Indoor Ag-Con events to event industry veterans Nancy Hallberg, Kris Sieradzki and Brian Sullivan. ATLANTA, GA, USA, December 10, 2018 /EINPresswire.com/ -- Atlanta, GA (December 9, 2018) …
MISSISSAUGA, Ontario, Dec. 10, 2018 (GLOBE NEWSWIRE) -- goeasy Ltd. (TSX: GSY) (“goeasy” or the “Company”), a leading full-service provider of goods and alternative financial services, today has provided an update to shareholders on its Normal Course …
GREAT NECK, N.Y., Dec. 10, 2018 (GLOBE NEWSWIRE) -- BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates and develops multi-family properties today announced its results of operations for the quarter and fiscal year ended …
PORTLAND, Ore., Dec. 10, 2018 (GLOBE NEWSWIRE) -- Golden Leaf Holdings Ltd. (“Golden Leaf” or the “Company”) (CSE:GLH) (OTCQB:GLDFF), a cannabis company with cultivation, production and retail operations built around recognized brands, today announced that …
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION TO THE UNITED STATES TORONTO, Dec. 10, 2018 (GLOBE NEWSWIRE) -- North American Palladium Ltd. ("NAP …
AMSTERDAM, The Netherlands, Dec. 10, 2018 (GLOBE NEWSWIRE) -- Wright Medical Group N.V. (NASDAQ:WMGI) today announced a contingent value right (CVR) milestone payment of US $1.50 per contingent value right (CVR) payable to CVR holders of record at the …
NUSA DUA, BALI, INDONESIA, December 10, 2018 /EINPresswire.com/ -- Отдавая дань культурному наследию острова, отель The Ritz-Carlton, Bali подготовил специальную программу Sarong Concierge (Консьерж сервис саронгов), предложив своим гостям …
NUSA DUA, BALI, INDONESIA, December 10, 2018 /EINPresswire.com/ -- В очередной раз отель The Ritz-Carlton, Bali был удостоен престижной награды «World Luxury Hotel Award». Знаменитый пляжный курорт класса люкс на Бали назван Лучшим Курортом для …
December 10, 2018 Togo’s program aims to reinforce fiscal and financial stability and promote inclusive growth. Program implementation under the ECF arrangement has been satisfactory. On December 10, 2018, the Executive Board of the International Monetary …
December 10, 2018 The IMF Managing Director Christine Lagarde met today in Washington with a high-level delegation of the CEMAC’s Regional Institutions, which included Mr. Ogandaga Jean-Marie, current Chairman of the Central African Monetary Union (UMAC) …
December 2018 Monthly Dividend of $0.08 Per Share RMBS Portfolio Characteristics as of November 30, 2018 Repurchased 1,288,497 shares through stock repurchase plan. Next Dividend Announcement Expected January 10, 2019 VERO BEACH, Fla., Dec. 10, 2018 (GLOBE …
SAINT LOUIS, Dec. 10, 2018 (GLOBE NEWSWIRE) -- On December 6, 2018, Aegion Corporation’s (“Aegion” or the “Company”) (Nasdaq Global Select Market: AEGN) Board of Directors authorized a program to repurchase up to two million shares of the Company's …
TORONTO and MUMBAI, India, Dec. 10, 2018 (GLOBE NEWSWIRE) -- SPREP Pte. Ltd. announced today that it has completed the sale of Faery Estates Private Limited (Faery Estates). SPREP Pte. Ltd. (SPREP) was formed to acquire stabilized office buildings in …
MORRISVILLE, N.C., Dec. 10, 2018 (GLOBE NEWSWIRE) -- Syneos Health™ (Nasdaq:SYNH), the only fully integrated biopharmaceutical solutions organization, today announced that John M. Dineen has been appointed to the Company’s Board of Directors and named …
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