Sarah NEGEDU

Sell forex over the counter, CBN orders banks

Travellers are now to get over the counter foreign exchange, the Central Bank of Nigeria, CBN, has authorised all commercial banks whether they operate an account  with the bank or not.

CBN Acting Director of Corporate Communications, Mr Isaac Okorafor, disclosed this in a statement issued [...]

Mon, 28 May 2018


Abuja housing show to complement FG’s efforts – Expert

The Managing Director, International Housing and Construction Show Ltd, Mr. Festus Adebayo, has explained that the annual Abuja International Housing Show was aimed at complementing the Federal Government’s efforts in providing affordable houses to Nigerians.

Adebayo, who is the convener [...]

Mon, 28 May 2018


Currency swap deal: CBN to release framework this week

The Central Bank of Nigeria will this week, release the framework that will guide the implementation of the currency swap deal between Nigeria and China.

CBN governor, Mr. Godwin Emefiele, made this known while speaking to journalists after the Monetary Policy Committee meeting held at the apex [...]

Fri, 25 May 2018


Estimated billing: new investors get approval for metering

Twenty two firms recently got the nod to procure and install meters for customers under the Meter Assets Providers MAP, arrangement the Nigerian Electricity Regulatory Commission have disclosed.

The Commission hopes that the latest development will put an end to the years of estimated billing o [...]

Fri, 25 May 2018


Nigeria can develop its infrastructure from transport sector – Bello

The Executive Secretary, Nigerian Shippers Council, NSC, Bar. Hassan Bello, has with the right streamlining of Nigeria’s transportation system and ports processes, the country does not need oil revenue to develop, as needed revenue will be generated through transportation.

Bello stated th [...]

Fri, 25 May 2018


CBN pumps $293m into retail SMIS

The Central Bank of Nigeria, CBN, last Friday, lifted the Retail Secondary Market Intervention Sales, SMIS, of the inter-bank Foreign Exchange Market with the sum of $293m.

A statement from the Bank’s Acting Director, Corporate Communications Department, Mr. Isaac Okorafor, confirming the [...]

Wed, 23 May 2018


NIPC unveils online investors’ guide

As parts of efforts of improving the ease of doing business in the country, the federal government has partnered the United Nations to develop an online investment portal that will increase investment inflows into the country.

Speaking at the launch of the portal tagged ‘iGuide Nigeria,&r [...]

Wed, 23 May 2018


Nigeria to attract $22.5bn investment with ERGP

Nigeria hopes to attract an additional investment worth $22.5 billion from 164 different projects across the country, through the Economic Recovery Programmes, ERGP, Focus Labs.

The minister of Budget and National Planning, Sen. Udo Udoma, who made this known at an open day event to mark the co [...]

Wed, 23 May 2018


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