Equity market sheds N720bn on profit taking
Uzezi Samuel The Nigerian equities market extended its downward trend in Wednesday's trading session, declining by N720 billion as investors...
Banking & Finance
Stock market declines further by N773bn on MPR hike
Transactions on the stock market closed negative on Tuesday for the secondary day, depreciating further by 1.38 per cent and...
BDC: CBN mandates sellers above $10,000 to declare sources
By Omeiza Bilal The Central Bank of Nigeria (CBN) has mandated foreign exchange sellers to Bureau De Change (BDC) of...
Equities market shed N67bn
Transactions on the floor of Nigerian Exchange (NGX) Thursday closed in a bearish, declining by N67 billion as a result...
Experts advocate managed float system to tackle FX volatility
By Omeiza Bilal with agency The recent decline in the Naira’s value across official and parallel markets has prompted suggestions...
MOFI unveils N100bn project preparation fund
By Uzezi Samuel In a bid to drive investments in Nigeria, the Ministry of Finance Incorporated (MOFI) on Tuesday said...
Central bank restricts company transfers of oil export revenues abroad
The Central Bank of Nigeria (CBN) has decided to control the migration of export proceeds by international oil companies (IOCs)...
Equity market sustains bullish run, gains N329bn
By Uzezi Samuel Domestic equity market Thursday sustained bullish trend, appreciating by N329 billion. Market capitalisation of listed equities increased by...
Recipients of dollars from overseas to be paid in naira – CBN
Omeiza Bilal Following the new Central Bank of Nigeria and (CBN') policy, banks now will begin to pay dollar transactions...
Access Holdings appoints Bolaji Agbede Acting GCEO
Access Holdings Plc on Monday announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. This...
