Banks yet to consider Etisalat’s parent group’s proposal on debt restructuring
It is not yet uhuru for Etisalat Nigeria as the new deal proposed by its core investors, the Etisalat Abu Dhabi, is yet to be considered by13 creditor banks. Business Hilights gathered that the parent company, Etisalat Abu Dhabi, had…
Eliminate 41 restricted items, if you hope to get unified exchange rate—Soludo warns CBN
Indication has emerged that the conjuncture and or dreams of the Central bank of Nigeria (CBN) to rely on the prevailing restriction of 41 items from forex window and momentary injection of dollars to the market will drive unified exchange…
FCMB raises forex sales to manufacturers, SMEs, corporate bodies
Leading money deposit bank, First City Monument Bank (FCMB) has announced increase in sale of foreign exchange to all customers and members of the public who play in the Small and Medium Scale Enterprises (SMEs) sector, manufacturing, Corporate Bodies as…
CBN hikes cards maintenance fee from N100 yearly to N600 from this month
Indications have emerged that the Central Bank of Nigeria (CBN) has finally yielded to age long pressure from commercial banks to hike fees charged on debit and credit cards maintenance. Accordingly, it has announced the hike from N100 a year…
Zenith Bank leads other 7 in continued SMEs forex window after sack of 16 violators
For keeping to the laid down due process in the administration of Small and Medium Scale Enterprises (SMEs) window of the foreign exchange market access, the Central Bank of Nigeria (CBN) has named Zenith Bank and seven others as only…
FG makes U-Turn, plans review of CBN’s restriction on 41 items
Indications are beginning to emerge over the possible resumption of business traffic at Nigerian ports if the federal government put paid to its recent pronouncement to review the forex ban placed on 41 items for several months now. Findings have…
How BVN nailed suspended SGF, Babachir Lawal in Senate’s PINE grass-cutting report
Contrary to preliminary speculations that N200 million was spent on grass cutting, not less than N530 million was allocated for that purpose in the Presidential Initiative on North East (PINE) deals of the embattled Secretary of the Government of the…
CBN alone can’t resolve instability of naira with momentary dollar injections—Experts
Even though the Central Bank of Nigeria (CBN) had in the last couple of months been struggling to remain naira afloat, development economists and finance pundits are convinced that at some point, the apex bank will become weak and the…
Danger as Cargo throughputs now below Guaranteed Minimum Tonnage at Ports
A scenario that tends to mean that several reforms of the maritime agencies are not working seems to be playing out across the Nigeria ports considering the revelation that cargo throughputs have fallen below the Guaranteed Minimum Tonnage (GMT). Whereas…
Amiwero faults CBN interest in fiscal policies, says forex restriction on 41 items killed ports
More reasons have emerged on why Nigerian ports are witnessing lowest ebb in business activities in terms of container throughput and business generation for Nigerians who hitherto make their living in and around the ports. Mr. Lucky Eyis Amiwero is…
