The Central Bank of Nigeria (CBN) on Friday, February 22, 2019, made an intervention of $268.4million in the retail Secondary Market Intervention Sales (SMIS) and CNY 46.3million in the spot…
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Category: Business
Nigeria floors JPMorgan Chase over $875m Malabu oil money
A High Court in London headed by Justice Andrew Burrows has granted Nigeria’s plea to allow it proceed with the trial of JPMorgan Chase. The bank is alleged to have…
Read More Nigeria floors JPMorgan Chase over $875m Malabu oil money
Forex: CBN boosts market with $210m
The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of…
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Application for the Tony Elumelu Foundation Entrepreneurship Programme closes March 1
The Tony Elumelu Foundation, an African-funded and founded philanthropy committed to empowering African entrepreneurs has announced its last call for applications into its prestigious 2019 Entrepreneurship Programme. The application portal…
Read More Application for the Tony Elumelu Foundation Entrepreneurship Programme closes March 1
FIRS directs banks to lift restrictions on accounts of alleged tax defaulters
The Federal Inland Revenue Service (FIRS) has asked banks to lift the lien on alleged tax defaulters’ bank accounts for 30 days. The directive, which takes immediate effect, was contained…
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