In Your Interest
May 2, 2017/The Will The Central Bank of Nigeria (CBN) has banned over a dozen commercial banks in Nigeria from the highly lucrative Wholesale FX window (spot and forwards) for deliberately frustrating efforts by small and medium scale enterprises (SMEs) to access foreign exchange from the new forex window created […]
April 28, 2017/Norilsk Nickel Norilsk Nickel (www.Nornik.ru/en) has served notice that it intends to commence legal proceedings in Botswana against the Government of Botswana in respect of its involvement in the reckless trading of BCL Limited and BCL Investments Proprietary Limited (together “BCL”), with a view to recovering the c. […]
April 24, 2017/Punch Oyetunji Abioye The Central Bank of Nigeria is watching closely the activities of top officials of commercial banks allegedly involved in illegal foreign exchange transactions. It was learnt that the illegal forex activities of some top bank officials were frustrating the CBN’s efforts aimed at converging the […]