The Central Bank of Nigeria has written to all banks in Nigeria to stop the use of foreign currencies as collateral for naira loans. It disclosed this in a circular titled, “The use of foreign-currency-denominated collaterals for naira loans” with ref number: BSD/DIR/PUB/LAB/017/004. The circular was signed by the apex bank’s acting Director, ...
The ease of acquiring a student visa can depend on several variables, including the student’s citizenship, the country of travel, the particular educational institution, and the course of study. However, some countries generally have relatively straightforward processes for obtaining student visas, reports Nigerian Tribune. Here are seven coun...
Canada is set to reduce its intake of temporary foreign workers, Immigration Minister Marc Miller has announced. This strategy marks a significant shift from the nation’s previously expansive immigration policy, reports AFP. Miller highlighted that Canada has witnessed a notable surge in the admission of temporary residents in recent years. “C...
The depreciation of the naira has caused the country’s foreign loans to balloon. Nigeria’s external debt stock (debt owed to foreign entities) has increased by N28tn due to the devaluation of the Nigerian naira against the United States dollar, findings reveal. According to the latest debt profile data published by the Debt Management Office, ...
•An Airbus A-320 of the Lufthansa airline Lufthansa German Airlines, KLM, Egypt Air, Ethiopian Airlines, British Airways, Royal Air Maroc, RwandAir, and Turkish Airlines have all released all categories of low inventory tickets, following the intervention of the Nigeria Civil Aviation Authority, (NCAA). This followed the instruction by the Nig...
•Godwin Emefiele A deputy director in charge of Branch Operations in the Central Bank of Nigeria, Onyeka Ogbu, today, told a Federal Capital Territory High Court sitting in Maitama that he was aware of a $6.2 million payment request for international election observers. The former governor of the bank, Godwin Emefiele, is standing trial on [&h...
Canada is one of the most popular study destinations for international students but it has issued some new rules for 2024 student visa. If you are actively planning to study in Canada, you should be aware that the Canadian government has recently announced some changes to the study permit. The new rules also affect the […]
The International Air Transport Association (IATA) has lauded the Central Bank of Nigeria (CBN) for releasing $64.44 million in blocked airline funds, but said $700 million remains blocked in Africa’s most populous nation. The group disclosed it was in consultations with airline members to verify the release of these revenues, reports Channels...
•House of Reps The increasing security challenges and consistent call for community-led policing structure in the country, including foreign policy have been highlighted to take the front burner for deliberations at the floor of the House of Representatives as the Green chamber resumes for full legislative business today. This was disclosed by...
•Peter Obi The presidential candidate of the Labour Party (LP) in the 2023 elections, Peter Obi, has said that all foreign trips by people in government should be stopped until the issue of insecurity is fixed. Recently, there has been an increase in kidnappings by gunmen in Abuja, a situation that has gripped residents of […]