CBN’ll Eliminate Official, Black Market Exchange Rate Gap The Central Bank of Nigeria will try to eliminate the spread between the official and black market exchange...
Dollar Scarcity Forces Interswitch to Delay $1bn IPO Interswitch limited has put on hold its plan to raise as much as $1bn in an initial public...
RSL Shareholders’ Fund Drops by N2bn The Chairman of Resorts Savings and Loans Plc, Senator Sunday Fajimi, said the mortgage bank’s shareholders’ fund had dropped from...
FG Seeks Advisers for Debut Islamic Bond The Federal Government is looking for financial and legal advisers and trustee firms to organise its first Islamic bond...
Naira Tumbles to 490 as Dollar Shortage Continues The naira tumbled against the United States dollar to 490 on Monday from 487 on Friday, as acute...
Market Sheds N42bn, Oil, Banking Stocks Lead Losers The market capitalisation of the Nigerian Stock Exchange declined by N42bn at the close of trading on Monday...
NSE Index Rises 3.4% as Stock Market Rallies The rally at the stock market continued for the third consecutive week as the Nigerian Stock Exchange (NSE)...
CBN Sells More TBs After Bond Auction Drop The Central Bank of Nigeria sold more Treasury bills than it offered at an auction last week, after...
Emefiele Emerges Chairman of Global Islamic Bank The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, has been elected as the Chairman of the...
Audit Firms Probe Banks for Non-remittance of Taxes A total of 111 audit firms have started probing the 22 banks operating in the country for non-remittance...
