Buhari promises to address forex supply to manufacturers for importation
President Muhammadu Buhari has promised to take appropriate measures to improve access to foreign exchange for importation of raw materials and machines that are not […]
FOREX
Man, 46, faces N2.8m forex fraud charge
A 46-year-old man, Kunle Ogunyemi, who allegedly defrauded two people of N2.8 million on the pretext of investing it in forex trading, on Friday appeared […]
FG to inaugurate `Made-in-Nigeria Barite’ to save US$300m annually
The Federal Government says it will be inaugurating “Made-in-Nigeria barite” on Oct. 28, to save US$ 300 million being spent annually on barite importation. Mr. […]
NCC wants stakeholders to leverage the digital economy to diversify from oil, gas
The Nigerian Communications Commission (NCC) says the digital economy has the potentials and offers opportunities for diversification from the oil and gas economy to put […]
CBN Disowns Reports on Domiciliary Accounts Conversion to Naira
By Tony Obiechina, Abuja The Central Bank of Nigeria has denied issuing any circular directing Nigerians to convert their domiciliary account holdings into naira. The […]
Forex Ban Will Increase Business Capacity – Finance Minister
By Tony Obiechina, Abuja The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said that stoppage of foreign exchange to Bureaux de […]
2023 elections: EFCC boss warns banks against election financing, forex malpractices
The Chairman of the Economic and Financial Crimes Commission [EFCC], Mr Abdulrasheed Bawa, has warned financial institutions against fraudulent election financing, foreign exchange malpractice and […]
Alleged fraud: Court okays CBN’s request to freeze accounts of coys
The Federal High Court, Abuja has granted the request of the Central Bank of Nigeria to freeze the accounts of some companies allegedly involved in […]
CBN dep. gov explains depreciation in Naira’s value
The Deputy Governor, Corporate Services Department of the Central Bank of Nigeria (CBN), Mr Edward Adamu, has attributed the depreciation in the value of the […]
Bayelsa funds not trapped in our FOREX scheme – Cooperative
Barazar Multipurpose Cooperative Society, a Yenagoa based group engaged in foreign exchange trading, has denied purported botched investment scheme transactions involving funds of the Bayelsa […]