Business
CBN Investigates 55 Companies, Individuals Over Foreign Exchange Infractions
Amidst sustained pressures on Nigeria’s official foreign exchange resources, the Central Bank of Nigeria, CBN, has opened investigations into foreign exchange transactions of 55 companies and individuals.
The apex bank linked them to foreign exchange deals outside the official Investors & Exporters (I&E) window.
ALSO READ: Godwin Obaseki Re-Elected Edo State Governor, Defeats Ize-Iyamu
The I&E window was created by the CBN as the legitimate platform for buying and selling of foreign currencies.
Some of the major corporate organisations in the list include Stallion Nigeria Limited, a conglomerate involved in several sectors of the Nigerian economy. The list also includes Nigeria’s leading electronic payment company, Interswitch Nigeria Limited, as well as a leading global shipping line, CMA CGM Nigeria Shipping Limited.
Other big names in the list include Petro-Afrique Energy Services Limited, Steel Force Far East Limited, Auto Petroleum Company Limited, Cavendish Mechanicals Limited, Aquashield Oil & Marine Limited, Haitch & Elf Integrated Services Limited, Fenog Nigeria Limited, and Promasidor Nigeria Limited.
Efele Rolls Out Fish Farm Empowerment For Ijala, Ugbegungun Communities
JAMB UTME: Delta Police Deploy Operatives To Secure 31 CBT Centres
APC Elders, Leaders In Delta Central Endorse Emerhor For 2027 Senate Race
2027: Ijaw Nation Endorses Tinubu, Oborevwori For Second Term
Call Mounts For Delta To Revive Power Sector, Emulate Bayelsa’s Independent Power Push
Bayelsa Launches City Boy Movement State Exco, Boosts 2027 Tinubu Re-Election Drive As Diri, Lokpobiri Pledge Support
DTHA Member, Omonade, Co-Sponsors Bill To Repeal 1977 Rent Law, Introduce New Landlord And Tenant Law
BREAKING: Gunmen Abduct Sapele LGA Chairman, Shoot Security Aide
Oborevwori Appoints Egbo As Board Chairman Of Delta State Signage And Advertisement Agency
DELSU Expands Global Footprint, As VC Signs Strategic Partnership With Carleton University
The Rise Of Tokenized Assets: A New Financial Frontier For Africa And The World
Environmental Degradation In Oil-Rich Communities Eroding Reproductive Health, UNIDEL VC Warns
Senator Ned Nwoko’s Intervention: Work Set To Begin On Onicha-Ugbo–Idumuje Ugboko Road
Armed Mob Led By “Bullet” Storms Aboh Ogwashi-Uku, Attacks Police Officers, Destroys Property Amid Ongoing Federal Court Case
-
News13 hours agoTragedy In Bayelsa As Doctor Dies After Giving Birth To Triplets
-
Column20 hours ago
US-Israel-Iran: Who Won And Who Lost The War?
-
Education12 hours ago
Sheyi Money Foundation Elevates Academic Excellence At DELSU 18th Convocation With Multi-Million Naira Endowment Upgrade
-
News20 hours ago
Advocate Publication To Host 3rd Lecture Series On Governance Challenges In Nigeria Thursday
-
News15 hours ago
Integrity Group Backs Tinubu’s 2027 Bid, Declares “No Vacancy At Aso Rock”
