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Foreign airlines dispute CBN’s claim of settled FX backlog

Against claims by the Central Bank of Nigeria (CBN) that it has successfully settled all outstanding foreign exchange (FX) obligations, foreign airlines says the status quo remains the same. Kingsley Nwokeoma, President, Association of Foreign Airlines and Representatives in Nigeria, (AFARN) told BusinessDay that as far as he is concerned, …

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Rewane’s ‘four big shortages’ turn logic on its head

Susceptible to critique, accomplished banker-cum-administrator Bismarck Rewane was on Channels Television recently to analyse how the Central Bank of Nigeria’s Monetary Policy Committee hiked the Monetary Policy Rate (MPR) from 18.75 percent to 22.5 percent (400 basis points) will affect Nigerians. Elaborating on what he termed the audacity of the …

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UAE Lifts Travel Ban on Nigerians

At last Nigerians will heave a sigh of relief after a long wait as the United Arab Emirates (UAE) has said it will resume visa services for Nigerians, which is a significant step in strengthening bilateral ties between the Arab country and Nigeria. According to the UAE authorities, the resumption …

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