By Kayode Tokede Sentiments trading on The Nigerian Stock Exchange (NSE) turned negative as investors’ profit-taking activities dominated equities market performance throughout last week. Aside the mid-week session, the equities market posted marginal losses on the other trading days. This…
By Joshua Elekwachi, Abuja Ahead of the first Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting this year, analysts have expressed optimism that the committee would vote for rates retention. The MPC is expected to hold its first…
The Central Bank of Nigeria (CBN) has advised all Deposit Money Banks (DMBs) accredited Cheque Printers/Personalisers, and the Nigeria Interbank Settlement System (NIBSS), to enlighten their customers on the revised cheque book, introduced across all banks. Director, Banking Services Department,…
By Kayode Tokede The Central Bank of Nigeria (CBN) has disclosed that the foreign reserves gained $1.13 billion in 13 days. Our correspondent gathered that the foreign exchange buffer between December 31,2020 to January 21, 2021 moved from $35.37billion to…
Following the order of Honourable Justice Aikawa of the Federal High Court, Lagos the Asset Management Corporation of Nigeria (AMCON) at the weekend tookover an asset belonging to Dr. John Warimeme Abebe, the Chief Promoter of Inducon Nigeria Limited over…
By Kayode Tokede Some analysts have made projections on the trajectory of the nation’s economy in 2021, saying the year will be challenging but there will be light at the end of the tunnel. They spoke during an interactive zoom…
By Joshua Elekwachi, Abuja The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed has said the federal government has expanded access to actionable data for effective and efficient tax system. She maintained that the FG is working with…
The Central Bank of Nigeria (CBN) has vowed to sanction international money transfer operators (IMTOs) that are still, despite its directive, paying remittances in the local currency, naira. The bank had in December 2020 directed that IMTOs and commercial banks…
Omoregie Tina, Abuja The Kano State Governor Dr. Abdullahi Ganduje has said another round of schools closure will worsen Nigerian’s economic woes despite recent spike in Covid-19 pandemic. Ganduje said this while holding a stakeholders meeting with members of the…
Laraba Raphael As the aftermath of the series of calamity that greeted some states across the country. the Peoples Democratic Party (PDP), has lauded Governor Nyesom Wike, Governor Ifeanyi Okowa alongside Rt. Hon Aminu Waziri Tambuwal for taking measures ameliorate…
