By Our Correspondent The umbrella body of manufacturers in the country, the Manufacturers Association of Nigeria, MAN says the planned increase in Value added Tax, VAT and introduction of Stamp Duty on Bank transactions from N1000 and above would further erode the purchasing power of Nigerians and increase the plight […]
Tag: Bureaux de change
CBN Says to Refund Mandatory Caution Deposit of N35 Million to BDCs
By InvestAdvocate Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) on Friday said it would refund N35 million of Mandatory Caution Deposit to all Bureau De Change operators. “All eligible BDCs may wish to apply for refund of their caution deposits, attaching evidence of payment and bank transfer details,” the CBN […]
$2.1B Arms Scandal: Why We Won’t Spare Indicted Bureaux De Change
By Emmanuel Asiwe, huhuonline.com January 6, 2016 Acting Chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has declared that every Bureau De Change operator indicted in the $2.1 billion arms deal probe will be prosecuted. Currently, more revelations have continued to emerge with some of those indicted either […]
