Business

CBN Bars 16 Banks from SME Forex Window

May 4, 2017 James 0

The Central Bank of Nigeria on Tuesday barred 16 Deposit Money Banks from participating in the Small and Medium-scale Enterprises window of the foreign exchange market. In a statement issued by its Acting Director, Corporate […]

Business

MTN Nigeria Sacks 280 Staff

May 4, 2017 James 0

MTN Nigeria has sacked 200 full time and 80 contract staff as part of a restructuring exercise. The layoff is in line with MTN’s IGNITE transformation initiative aimed at repositioning it as a player in […]

Business

CBN Introduces “Form X” for SMEs

April 18, 2017 James 0

The Central Bank of Nigeria (CBN) has introduced “Form X” for the Small and Medium Scale Enterprises (SMEs) seeking to purchase foreign exchange. The CBN said the decision was part of its commitment to increase […]