BDCs task CBN on rate harmonisation as unemployment looms at BDC subsector
April 5, 2018 Alhaji Aminu Gwadabe, President, Association of Bureaux Des Change Operators of Nigeria (ABCON) has called on the CBN to harmonise the rate at which it sells FOREX…
Interest rate retention: NSE All-Share drops further by 0.26%
April 4, 2018 The Nigerian Stock Exchange (NSE) All-Share Index on Wednesday maintained downward slide, dropping further by 0.26 per cent, just as the Monetary Policy Committee (MPC) retained…
Post-Easter blues: Naira dips marginally against dollar at parallel market
The Naira on Tuesday depreciated marginally against the dollar at the parallel market, exchanging at N361.20 to the dollar. The naira lost 20 kobo from N361 earlier traded before the…
Kalu’s alleged N3.2bn fraud : Witness reels off debit transactions from Abia Govt House account
March 28, 2018 A prosecution witness, Mr Bassey Ekeng, on Wednesday narrated how series of debit transactions were made from the account of the Abia Government House in 2002. The…
Rice farmers want effective policy banning rice importation
March 28, 2018 The Rice Farmers Association of Nigeria, Oyo state chapter, has stressed the need for the Federal Government to sustain and make effective, policy banning importation of rice…
Appeal to new owner of 9mobile to resolve $1.2b loan owed banks
March 26, 2018 Some capital market stakeholders on Monday appealed to Telelogy, the new owner of 9mobile, to resolve amicably the 1.2 billion dollars syndicated loan owed some Nigerian banks….
NDIC cautions Nigerians against transactions in digital currencies
March 23, 2018 The Nigeria Deposit Insurance Corporation (NDIC) says transactions in digital currencies are not authorised by the Central Bank of Nigeria (CBN), cautioning Nigerias against transacting business in…
Niger state Flags off N2billion Loan Distributions to SMEs
March 20, 2018 Niger state Governor, Alhaji Abubakar Sani-Bello on Monday flagged off the disbursement of a N2 billion Micro, Small and Medium Enterprises Development Fund in the state. The…
Niger government disburses N1billion CBN fund to 11,587 beneficiaries
March 19, 2018 The Niger State Government on Monday commenced the disbursement of the N1 billion Central Bank of Nigeria (CBN) Micro Small and Medium Enterprises Development Fund (MSMEDF) to…
Bank customers reduces despite CBN’s campaign for financial inclusion
March 18, 2018 Despite Central Bank of Nigeria’s (CBN) effort to promote financial inclusion, the Nigeria Inter-Bank Settlement System (NIBSS) banking industry statistics shows that the number of customers using…