LAGOS AUGUST 28TH (NEWSRANGERS)-Nigeria’s Central Bank released $265 million to airlines to settle outstanding ticket sales, it said in a statement on Friday. Airlines have said they have millions trapped in Africa’s most populous nation due to an inability to access the foreign exchange repatriate funds. Dubai’s Emirates has said it will suspend its service…
LAGOS AUGUST 3RD (NEWSRANGERS)-Bank customers are now unable to withdraw dollars from their domiciliary accounts amid a worsened scarcity of the currency in the financial services sector Legit.ng investigation has revealed. Bank managers in 10 commercial branches visited in Ikeja, Ejigbo, Ago Palace, and Airport Road all confirmed the unavailability of dollars for withdrawal over…
LAGOS JULY 23RD (NEWSRANGERS)-Aftermath of the dwindling National currency, the Naira, and the possible concerns recently expressed by the Labour Party Presidential Candidate, Mr Peter Obi on the continued spending of foreign currency by public officials, the Central Bank of Nigeria moves to check the mopping up of dollars at forex market. The CBN says…
LAGOS JUNE 19TH (NEWSRANGERS)-Experts in the nations financial sector have identified gaps in the set objectives by the Central Bank of Nigeria, CBN, to significantly reduce the number and percentage of adult Nigerians who are excluded from the formal Financial System of the country. Speaking at the inaugural conference of Oriental News Nigeria with theme…