CBN to blacklist exporters withholding forex proceeds


The Central Bank of Nigeria (CBN) is threatening to sanction exporters who fail to repatriate foreign exchange (forex)  proceeds from their businesses  into the economy. CBN Director (Banking Supervision) Abdullahi Ahmad, who issued the warning yesterday during the Bankers’ Committee meeting in Lagos, spoke of a provision in the CBN Foreign Exchange Manual that mandatesRead More

The post CBN to blacklist exporters withholding forex proceeds appeared first on The Nation Nigeria.

E’Guinea Banned from 2019 Women’s World Cup

Equatorial Guinea has been expelled from the 2019 Women’s World Cup in France for fielding 10 ineligible players and using forged documents. The players all took part in qualifying for the 2016 Olympic women’s tournament in Brazil. The latest sanctions come on top of their ban from competing at the 2020 Olympics, which was issued […]

Ekiti, Osun governorship polls hold July 14, Sept 22

Governorship election will hold in Ekiti State on July 14 next year and on September 22 in Osun state. The Independent National Electoral Commision (INEC) announced the dates yesterday as it rolled out the programe of activities on the elections. The tenure of EkitiState Governor Ayodele Fayose will end on October 15, 208 and Osun State GovernorRead More

The post Ekiti, Osun governorship polls hold July 14, Sept 22 appeared first on The Nation Nigeria.

Ndoma Egba, Tech Vibe Eye S’final Ticket with Victories in White Group

NCC TENNIS LEAGUE Team Ndoma-Egba of Abuja and Team Tech Vibe of Jos were ruthless against their opponents in the round-robin tie in the White Group last weekend with a mind to giving themselves good chances of snatching the last semifinal place. Defending champions Team Offikwu who beat Team Goshen of Ilorin 5-2 in Kaduna […]

Brazilian Olympics Chief Arrested in Rio

Brazilian police have detained the head of the country’s Olympic committee in Rio de Janeiro. Carlos Nuzman has been investigated as part of a cash-for-votes probe after the bid for the Rio 2016 Olympics was won. The arrest is part of the corruption investigation, known as Operation Unfair Play. Mr Nuzman has previously denied all […]

Barred from politics

Ex-Liberian President Charles Taylor is suspect of using his UK jail as a base to interfere in the elections in his homeland.