Nigerian banks have resumed processing international tuition payments from Naira accounts through the Central Bank of Nigeria, CBN’s Form A portal. Form A is an application form designed by the Central Bank of Nigeria to pay for service transactions (invisible trade), reports Vanguard. The form allows customers to purchase forex at the CBN or ...
•Forex Nigeria’s Letter of Credit payments in the first seven months of 2024 have dropped by 57.04 per cent to $391.91m compared to $912.35m in the same period of 2023. This is according to the weekly International Payments Data provided by the Central Bank of Nigeria on its website. A Letter of Credit is a […]
•Tinubu President Bola Tinubu has instructed security agencies in the country to ensure the safe return of all kidnap victims in different parts of the country, just as he tasked them to ensure no ransom is paid to achieve this. Minister of Information and National Orientation, Alhaji Mohammed Idris, disclosed this while addressing journalists...
•FEC meeting The Federal Executive Council (FEC), today Wednesday, January 17, reacted to reports of some members of the public crowdfunding for ransom payments for kidnap victims. Minister of Defense, Mohammed Badaru Abubakar said such practices would rather worsen the situation, adding that not responding to ransom demands will eventually ma...
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