Court grants CBN request to freeze companies accounts over illegal forex trading
From Godwin Tsa, Abuja The Abuja division of the Federal High Court has granted the request of the Central Bank ...
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Tag: foreign exchange
Foreign exchange, taxes threatening pharmaceutical industry – Nebe
Prince Christopher Obuora Nebe, managing director of Phamatex Industries Limited, a leading pharmaceutical company, in this interview with Daily Sun, ...
CBN boosts forex allocation to banks
From Uche Usim, Abuja The Central Bank of Nigeria (CBN) on Sunday said it would increase the volume of foreign ...
EU writes WTO over CBN’s ban of forex on milk imports
From Uche Usim, Abuja Following the Central Bank of Nigeria's ban of foreign exchange at official rate for milk imports, ...
Group lauds CBN Naira for Dollar policy
From Ndubuisi Orji, Abuja A coalition of youth leaders of different ethnic nationalities in the country has lauded the Central ...
We must discontinue dependence on crude oil for public revenue, forex – Emefiele
(From Emmanuel Afonne, NAN) The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has reiterated the need ...
CBN, MTN resolve forex repatriation row after $53m payment
The CBN in August 2018 directed MTN to reverse repatriations valued at $8.1 billion done on its behalf by four ...
$8.1bn repatriation: CBN, MTN agree to settle out of court
MTN had filed a suit seeking an injunction to restrain CBN and AGF from taking further actions to reclaim the ...
Banks not doing enough for SMEs – Odude, President, BCI
"Where government generates most of its income from taxes, the attitude of government will be to encourage enterprises and SMEs ...
CBN injects $317.52m, CNY 58.40m into retail SMIS
CBN said the Bilateral Currency Swap Agreement with the Peoples’ Bank of China has continued to receive encouraging responses from ...
