Muhammad Sanusi II, emir of Kano and former governor of the Central Bank of Nigeria (CBN), says the naira, at 300 to a dollar, needs no fresh devaluation, he told…
Read More Sanusi: At N300/dollar, no need for fresh devaluation
Category: Business
It was impossible to follow the law in the remittance $13.9bn – MTN
MTN Nigeria has explained that it was impossible to follow the provisions of the law on the issuance of Certificates of Capital Importation (CCI) before it repatriated $13.9 billion out…
Read More It was impossible to follow the law in the remittance $13.9bn – MTN
ExxonMobil divests from Nigeria’s down stream sector
Ebun Francis ExxonMobil, the world’s largest oil company by market value, has announced that it has divested its 60 percent stake in Mobil Oil Nigeria (MON), effectively quitting the downstream…
Read More ExxonMobil divests from Nigeria’s down stream sector
NCC increases international call rate
The Nigerian Communications Commission (NCC) has said that the International Termination Rate (ITR) has been reviewed to N24.40 per minute. The telecommunications regulator said in a statement on Saturday in…
Read More NCC increases international call rate
Naira onsolidates gain against the dollar
he Naira on Monday consolidated its gain against the dollar at the Forex market. Since the resumption of the sale of Diaspora remittances to Bureau De Change by Travelex, the…
Read More Naira onsolidates gain against the dollar