Business news
The Central Bank of Nigeria (CBN), has barred 14 Money Deposit Banks from dealing in the Small and Medium Entreprises (SME) wholesale Forex window. The barred banks are First Bank, Keystone Bank, Main street Bank, Ecobank, Stanbic IBTC, Citi Bank, Enterprise Bank and WEMA bank. Others are Guaranty Trust Bank, First City Monument bank, Union […]
Seven-man panel has been inaugurated by the Nigerian government to audit the utilisation of grants for the take off projects in 12 new federal universities. Inaugurating the Committee in Abuja, the Minister of Education, Adamu Adamu said the audit of the institutions was in line with the present government’s stance on transparency and accountability in […]
Dr. Dauda Garuba, a consultant to Nigeria Extractive Industries Transparency Initiative, NEITI, has warned Nigerians to stop being over-religious, believing that crude oil, the nation’s major source of income, will last forever. DAILY POST reports that Garuba gave this warning in Lagos on Tuesday at the ongoing workshop on reporting of the Extractive Industry. In […]
In response to persistent complaints that some Deposit Money Banks have deliberately frustrated efforts by many Small and Medium Enterprises to access forex from the new window created by the Central Bank of Nigeria, CBN, the apex Bank on Tuesday barred all but eight banks from dealing in the SME wholesale forex window. The financial […]
Fidelia Okafor The Manufacturers Association of Nigeria (MAN), has asked the government to sustain and consolidate all the achievements recorded in the area of Ease of Doing Business (EOBD) in the country. The MAN appreciated the significant progress made in that area within a short period by removing all trade facilitation constraints and attract foreign […]