Business news
Amaka Obiefuna. The Central Bank of Nigeria (CBN) has directed all banks to immediately begin sale of FOREX for Business Travelling Allowance (BTA), Personal Travelling Allowance (PTA), Tuition and Medical fees to customers at not more than N360 per dollar. The Acting Director Corporate Communication Mr Isaac Okorafor in a statement said the CBN will […]
Fidelia Okafor. Nigerian National Petroleum Corporation (NNPC), says over $184 million in product under-deliveries recorded against three oil companies would be recovered soon. Group Managing Director of the NNPC Dr Maikanti Baru in Abuja in a statement said the exercise was a product of ongoing extensive reconciliation process with the companies involved namely: AITEO Energy Resource […]
Amaka Obiefuna. The Naira recorded an appreciation of 12.36 per cent at the parallel market in the last one week. The naira traded at N440 last Monday while it closed at N390 to the dollar on Friday. In the week under review, experts commended the Central Bank of Nigeria (CBN) for its intervention at the […]
Fidelia Okafor. More than 43,000 passengers have passed through the Kaduna airport in its first 11 days of operations as the alternative to the Abuja Airport. This data was submitted to the Presidency by the Federal Government Coordinating Committee overseeing the management of the Airport repair, closure and relocation. A presidency official disclosed that this […]
Winifred Bosa. Following the sale of Keystone Bank to Sigma Golf-Riverbank Consortium by the Asset Management Corporation of Nigeria (AMCON), the new investors have finally taken possession with a view to repositioning the bank. A statement from the bank management at the weekend said the handover took place after the Completion Board Meeting to consummate […]