Angola seizes assets linked to Carlos Sao Vicente
ANGOLA’S attorney general has seized buildings and hotels belonging to AAA, a company associated with Carlos Manuel de São Vicente…
Category: Business/Economy
Airtel’s Digital journalism training begins 21 August
PRESS STATEMENT Airtel’s Digital journalism training begins 21 August The digital journalism training being sponsored by Airtel Nigeria under the…
Banks want Etisalat $1.2b loan probed
FREEPRESS – Strong indications emerged on Wednesday that consortium of 13 banks, involved in Etisalat Nigeria’s 1.2 billion dollar loan is…
CBN leaves interest rate at 14%
FREEPRESS – The Central Bank of Nigeria (CBN) yesterday kept its Monetary Policy Rate (MPR), its base interest rate, at 14…
CBN sanction 15 Banks for forex infractions
FREEPRESS – About 15 commercial banks were on Tuesday barred from dealing in foreign exchange through the recently created small and…
CBN must scrap multiple exchange rates, says Soludo
FREEPRESS – A former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, on Monday highlighted steps the Federal Government…
20 shipping firms leave Nigeria over low business
FREEPRESS – Groaning under intense hardship imposed by poor government policies and global economic crunch, over 20 shipping firms have…
CBN denies authorising concessionary forex rate for Muslim pilgrims
FREEPRESS – The Central Bank of Nigeria (CBN) has denied reports that prospective Muslims pilgrims were granted concessionary foreign exchange…
BDCs Say Naira Is Recovering At 395/$1, 510/£1
FREEPRESS – An accountant and bureau de change, BDC, operator, Harisson Owoh, says the naira is on the path to…
Accept Cheques Into Savings Accounts, CBN Directs Banks
FREEPRESS – The Central Bank of Nigeria (CBN) has directed Nigerian deposit banks to allow customers deposit cheques into their…