CBN orders banks to sell forex to licenced BDCs

The Central Bank of Nigeria (CBN) has directed agent banks to approved international money transfer operators to sell foreign currency accruing from inward money remittances to licenced Bureau De Change operators (BDCs).The directive came in a circular dated July 22, 2016 and posted on its website. The circular, signed by the Acting Director, Trade and […]

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Nuhu Ribadu officially returns to APC

Nuhu Ribadu, former chairman of the Economic and Financial Crimes Commission (EFCC), says he has returned to the All Progressives Congress (APC). “Today I heeded the calls on me to return to the All Progressives Congress (APC), a party of which I was a founding member,” he said in a statement. “I re-registered as a member […]

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Red Star is the best in compliance – Emeje

The Head of the Courier Regulatory Department (CRD) of NIPOST, Dr Simon Emeje has commended the management of Red Star Plc for its steadfastness in its compliance to all regulatory rules laid down by the department for the courier industry.  This much he said when the management of the company, led by the outgoing Group […]

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We are not aware of any peace talk – NDA

The Niger Delta Avengers militant group on Friday, denied the claim by President Muhammadu Buhari that his administration was holding talks with the militants in other to reach a possible compromise. In a statement, the group said it was not aware of any ongoing peace talks. It said the militants would only hold peace talks […]

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