PM News Nigeria


Tech firm unveils online currency exchange platform

online currency

CloudWare Technologies on Wednesday unveiled an innovative online currency exchange platform, ‘Sabo.ng’, as a panacea to the difficulty in accessing foreign currencies for genuine transactional purposes. During a news conference to unveil the platform, Mr Akinmade Akintoye, the Chief Technology Officer of CloudWare Technologies said that Sabo.ng was a solution to the unavailability of foreign […]

FG fixes Feb. 2 for confab on financial fraud

Attorney General of the Federation and Minister of Justice, Abubakar Malami

The Federal Government will hold a stakeholders’ conference on Financial Fraud, Cyber Crime and Cross-border Crimes on February 2 and February 4. This was contained in a statement signed by Mr Salihu Isah, Special Adviser on Media and Publicity to the Attorney- General of the Federation, Mr Abubakar Malami, in Abuja on Tuesday. It stated […]

FG, states, LGs get more money to share

Kemi Adeosun, Minister of Finance

eosun The Minister of Finance, Mrs Kemi Adeosun, on Tuesday in Abuja said that N387.8 billion was shared among the federal, states and local governments as revenue for December, 2015. The allocation shows an increase of N17.9 billion, having shared N369.9 billion among the three tiers of government in November. Adeosun, who was represented by […]

Naira still struggling against the dollar

Naira

The naira on Wednesday continued to depreciate at the parallel market amid mixed reactions to the recent forex policy of the Central Bank of Nigeria (CBN). NAN reports that the Nigerian currency lost N2 to exchange at N297 to the dollar, from N295 it traded on Tuesday. It, however, traded at N197 to the dollar […]

Lagarde to National Assembly: I do not support forex restriction

Christine Lagarde, IMF Managing Director

International Monetary Fund chief Christine Lagarde told Nigerian lawmakers on Wednesday the IMF does not support foreign exchange restrictions, a policy option Abuja took after prices for its oil exports collapsed. Addressing senior politicians during a four-day visit, she said any such restrictions should be temporary. Nigeria’s central bank, dealing with the worst economic crisis […]

Naira down again, now N265 against dollar

Naira

The naira on Monday depreciated by 0.8 per cent to exchange at N265 to the dollar at the parallel market. NAN reports that the greenback lost N2 to the dollar from its weekend value of N263. However, at the official interbank window, the naira exchanged at N197 to the dollar. Traders at the market were […]

Foreign Exchange: We are aware of your difficulties – Buhari

President Muhammadu Buhari presenting the 2016 budget

President Muhammadu Buhari has sympathised with Nigerians over the current hardship experienced in accessing foreign currency for their different transactions. At the presentation of the 2016 budget to the joint session of the National Assembly on Tuesday in Abuja, he said that the Federal Government was aware of the difficulties and was working towards easing […]



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