MTN Nigeria has paid N30 billion to the federal government as part settlement of the N330 billion fine imposed on the MTN group for failing to disconnect unregistered SIM cards…
Read More MTN pays another $30 billion to FG to settle fine
Category: Economy
CBN doubles FOREX supply to BDCs…offers $100m for forwards
The Central Bank of Nigeria has announced a planned increase in supply of FOREX to licensed Bureau de Change operators across the country. This is in line with its promise…
Read More CBN doubles FOREX supply to BDCs…offers $100m for forwardsFG approves $500m Eurobond
Chidi Samuel || The Minister of Finance, Mrs Kemi Adeosun on Wednesday disclosed that the federal government has approved the $500 million Eurobond from the international capital market to fund…
Read More FG approves $500m Eurobond
Forex: CBN slashes BDC rate to N360 …$100m offer fully subscribed
Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users at not more than N360/$1 for…
Read More Forex: CBN slashes BDC rate to N360 …$100m offer fully subscribed
AMCON recovers N681bn debt – Ahmed Kuru
The Managing Director of the Asset Management Corporation of Nigeria (AMCON) has announced recovery of more than N681.5 billion from debtors in the last six years. Mr. Kuru who made…
Read More AMCON recovers N681bn debt – Ahmed Kuru