Bureau De Change operators
24 Apr 2024
To halt the fresh panic building over the fate of the naira, the Central Bank of Nigeria (CBN) is set to disburse another tranche of liquidity intervention to 1,583 Bureau de Change operators.
11 Apr 2024
The Association of Bureau De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to restrict access to foreign exchange (FX) for non-oil exporters holding domiciliary accounts. ABCON's requests come amidst a series of recent CBN actions aimed at managing Nigeria's foreign exchange market. Earlier this week, the CBN prohibited the…
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6 mins ago
The yield on the UK government's 10-year bonds hit the highest level Thursday since the 2008 global financial crisis. The increase makes it more costly for the Labour government to finance current operations and repay the debt, raising the risk it will have to make spending cuts or hike taxes. What happened? The yield on…
11 mins ago
At the budget defense session on Thursday, the Senate Committee on Information and National Orientation directed the National Orientation Agency (NOA) and the News Agency of Nigeria (NAN) to revise and resubmit their budgetary proposals for the 2025 fiscal year. The committee, chaired by Senator Kenneth Eze (APC, Ebonyi Central), questioned the feasibility and impact…
15 mins ago
Bochum were handed all three points by a German FA (DFB) court on Thursday after their goalkeeper was hit in the head by a lighter thrown by fans in a 1-1 Bundesliga draw at Union Berlin in December. The court upheld Bochum's appeal against the referee's decision to play on after a delay of around…
18 mins ago
The High Court of Lagos sitting at Yaba/Surulere has granted an order in favour of Veritasi Homes & Properties Ltd restraining Patricia Technologies Ltd from selling or in any way dealing with 15.021 hectares of land at Idera Scheme, Lagos. Justice E. O. Ashade ruled that the order stands pending the compliance of Veritasi Homes…
24 mins ago
Lagos transport system received a boost on Thursday from the African Development Bank (AfDB) with a promise to work with the Lagos Metropolitan Area Transport Authority (LAMATA) to develop another rail line. The bank is also interested in partnering with LAMATA to expand the capacity of the existing rail system. AfDB Vice President, Private Sector…
27 mins ago
Lamborghini set a new sales record in 2024, the Italian sportscar maker said on Thursday, defying the gloom that has hit mass-market car companies. Lamborghini sold 10,687 cars last year, a rise of six percent on 2023, which was itself a record year. Deliveries were up six percent in Europe and the Middle East, Lamborghini's…
30 mins ago
An international coalition to procure unmanned aerial vehicles (UAVs) for Ukraine, co-led by the UK and Latvia, will send 30,000 newly-ordered drones to Kyiv, Britain's Ministry of Defence said Thursday. The "drone capability coalition" -- formed in early 2024 to deliver devices to Ukraine -- has placed an order worth £45 million ($55 million) for…
33 mins ago
Injured Bayer Leverkusen striker Victor Boniface will not return for Friday's Borussia Dortmund clash, while Granit Xhaka is a doubt, coach Xabi Alonso said. Boniface has not played for the defending German champions since returning with a leg injury from international duty with Nigeria in November. Earlier in January, the club said the 24-year-old suffered…
36 mins ago
Guinea could hold a presidential and legislative election this year, the government spokesman said on Thursday, more than three years after a junta seized power in a coup. Under international pressure, the military leaders who took control in 2021 initially pledged to hold a constitutional referendum and hand power to elected civilians by the end…
38 mins ago
Borussia Dortmund have extended sporting director Sebastian Kehl's contract until 2027, the German Bundesliga club announced on Thursday. Kehl played for Dortmund between 2002 and 2015, winning three league titles while also captaining the side. "I am delighted to be able to continue working for this great club," Kehl said in a statement. "We have…