• BDCs clampdown forces forex transaction underground

    BDCs clampdown forces forex transaction underground

    Foreign currencies transaction at the Bureau de Change segment of the foreign exchange market has been stifled since the clamp down on the operators by security agencies.

    An investigation by the News Agency of Nigeria on Tuesday in Abuja revealed that activities in the segment were conducted in secret since Monday.

    This is because most of the operators do not want to sell the foreign currencies at the price fixed by the Central Bank of Nigeria.

    Operatives of the Department of State Services […]

  • Nigeria set to appoint transaction adviser for new national airline

    Nigeria set to appoint transaction adviser for new national airline

    According to reports, the Federal Government will appoint a transaction adviser next week as part of efforts to establish a new national carrier, an official has said.

    The Minister of State for Aviation, Hadi Sirika, said the new national carrier will ensure competition, cut in ticket costs and give Nigerians options to choose from.

    Sirika, who briefed journalists after the Federal Executive Council meeting, said “….between now and Wednesday we will appoint transaction adviser for national carrier, once that is in place […]