Updates

Most Banks Limits/Suspend Intl’ Usage of Naira Cards; FBN Remains Only Bank Able to Sell FX to BDCs

October 17, 2016/Proshare As the foreign exchange liquidity issue continues to linger, banks have continue to review and modify their international usage of naira debit cards. Effective 14th October 2016, bank customers will not be able to carry out cross border transactions or transactions priced in foreign currency using their […]

House Committee Says Economic Situation Makes AMOCON Job Harder

October 17, 2016/AMCON The Chairman of House of Representatives Committee on Banking and Currency, Hon. Sir Jones Chukwudi Onyereri yesterday in Sokoto said that there was need for all institutions that want to see Nigeria get out of the current economic situation in the country to support the effort of […]

Shell faces possible Dutch lawsuit over Nigerian activist’s execution

October 17, 2016/Reuters By Tom Bergin LONDON (Reuters) – The widow of a Nigerian activist is planning to sue Royal Dutch Shell in the Dutch courts alleging the oil company was complicit in the execution of her husband by the Nigerian military in 1995, court documents filed in the United […]