Nigeria has signed a deal for Chinese state companies to build a $1.3 billion power plant, the finance ministry said on Sunday, part of efforts to end chronic electricity shortages that are a major brake on growth. Nigeria produces only a few hours of electricity a day, forcing those who […]
Tag: Nigeria
Nigeria Central Bank revokes licence of 20 Bureau De Change Operators- Sanusi
The Central Bank of Nigeria (CBN) has revoked the licence of 20 Bureau De Change (BDC) companies for foreign exchange malpractice. The Central Bank Governor, Lamido Sanusi, disclosed this at Ikoyi Club 75th Anniversary Lecture held in Lagos on Thursday. Mr. Sanusi, who declined to mention the names of the […]
Nigeria central bank cracks down on money laundering
* Forex dealers to be monitored more closely * Money laundering putting pressure on naira currency * Political corruption partly responsible – central bank Nigeria’s central bank has announced new measures to tackle money laundering it says is weakening the naira currency and risks pushing up inflation, and […]
