26.6 C
Lagos, Nigeria
Wednesday, November 22, 2017

Analysts expect forex to slip as CBN injects another $221m

As part of efforts to sustain its defense of the naira, the Central Bank of Nigeria (CBN) on Thursday sold $221,371,218.04 to banks in...

Standard Bank Group appoints Sola David-Borha CEO, Rest of Africa

Sola David-Borha has been appointed as Chief Executive, Africa, Standard Bank Group. She has resigned her position as Chief Executive of Stanbic IBTC Holdings PLC,...

N30b unclaimed dividend paid to investors

Investors get N30b unclaimed dividends as SEC extends free registration period Over N30 Billion has so far been paid to investors in the Nigerian capital...

$300m diaspora bond out in March-Adeosun

The Minister of Finance, Mrs Kemi Adeosun, yesterday said the $300 million Diaspora bond approved by the National Assembly would be rolled out in...

Nigerians Vent Frustrations On President Buhari as Costs Soar

With Christmas just weeks away, Dolapo Beckley was among a throng of shoppers haggling at a market in Nigeria's commercial capital Lagos, where the...

FEC approves executors for $1bn Euro bond

…Gazettes board of trustees to  manage Ogoni cleanup funds From Juliana Taiwo-Obalonye and Uche Usim, Abuja The Federal Executive Council (FEC) has approved the appointments of transaction...

Court bans Zuckerberg, Gates-backed schools

Uganda’s High Court on Friday ordered the closure of a chain of low-cost private schools backed by Microsoft and Facebook founders Bill Gates and...

Dollar rises on US rate bets, Asia markets struggle

The dollar rose in Asia Tuesday as the chances of an interest rate hike were further boosted, while most stock markets recovered from early...

Nigeria spends N1trn on 4 food imports annually – FG

Massive importation of food, especially, rice, wheat, sugar and fish, has continued to bleed the nation’s economy, with the four items accounting for a whopping...

MTN sets for listing on NSE

MTN Nigeria said it would take immediate steps to ensure the listing of its shares on The Nigerian Stock Exchange (NSE) as "soon as...

CBN finally free naira, Interbank forex to be determined by market forces

Following the pressure mounted by the financial markets and analysts on the Central Bank of Nigeria (CBN) to allow the naira to be truly...

Concerns over Nigerian banks drag Atlas Mara shares to record low

Shares in Atlas Mara, a company founded by ex-Barclays chief executive Bob Diamond to buy African banks, fell to a record low on Wednesday...

N760bn injected into stock market in three days by investors

The unveiling of the new foreign exchange guidelines for the country by the Central Bank of Nigeria has prompted stock investors to pump huge...

13 Key Aspects Of CBN’s New Forex Guidelines

The Central Bank of Nigeria has released guidelines for the new flexible foreign exchange policy it announced in May. Find key aspects of the...

Nigeria allows naira to float against US dollar

Nigeria will allow the embattled naira to trade freely in a move to control the currency crisis in Africa's most populous nation. The new system...

Elumelu canvasses for Nigerian public investment in oil and gas sector

At a two-day stakeholders’ forum on “Realising the full potentials of the Nigerian economy through proactive capital market legislation” held in Abuja, Tony Elumelu,...

Top expert analysts, thought leaders and decision makers set for CardExpo Africa 2016

The CardExpo Africa 2016 is in top gear to deliver beyond expectations. Major eCommerce companies are poised to participate in this year event....

ADB share offer activities put on hold

The Securities and Exchange Commission (SEC) says all activities relating to the Agricultural Development Bank (adb) share offer have been suspended until the determination...

FG to raise N105billion bonds on May 11

The Debt Management Office, DMO, on Wednesday, May 4, said the Federal Government plans to raise N105 billion in local currency denominated bonds on...

Oando, Vitafoam, 31 others fined N110million

Nigerian Stock Exchange, NSE, has slammed a fine of N110, 200,000 on 33 companies over default in filing their annual reports among other offenses. Information...