August 11, 2020
  • August 11, 2020

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August 11, 2020

Nigeria considering imposing visa restrictions on US citizens

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Nigeria said it may consider resorting to the policy of reciprocity against the United States on visa restriction imposed on its citizens, The Nigeria Immigration Service (NIS) Comptroller-General, Mohammed Babandede, said this while explaining the new visa policy that was launched by President Muhammadu Buhari earlier in the year, noting that the new Nigerian...

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August 11, 2020

Passengers on international flight to present covid-19 test certificate before boarding

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As the world gradually reopening the international airspace for traveling between countries, some airlines are now asking travelers to present Coronavirus test certification before they are allowed to board flights to their destinations. The demand for covid-19 test certificate is one of the measures adopted by the aviation industry to steam the spread of...

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August 10, 2020

FMDQ chief hopeful new CAMA will drive capital inflow

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FMDQ Securities Exchange on Monday said the new Companies and Allied Matters Act 2020 singed into law by President Muhammadu Buhari last week would reposition Nigeria as a compelling destination of capital. Bola Onadele, FMDQ Group Chief Executive Officer, said in Lagos that the country’s financial market and the economy would receive the long-awaited...

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August 10, 2020

Nigeria’s naira weakens further on I&E fx window

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The Nigeria naira currency on Monday weakened against the dollar on the Investors’ & Exporters (I&E) FX Window by 0.13 percent to N385.50 to the dollar on low dollar turnover and huge demand for hard currency. However, the currency was firmed on the Central Bank of Nigeria (CBN’s) window to N379 to the dollar...

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August 10, 2020

NNPC remittance to federation accounts falls 26% in May

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The amount remitted to the federation accounts by the country’s state-owned oil company, the Nigerian National Petroleum Corporation (NNPC) in May fell 26.17 percent to N161.8 billion from N219.16 billion remitted in April, the corporate said in a report on Monday. The amount remitted by the corporation, however, was higher than the N147.15 billion...

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