BUSINESS

Naira maintains position at parallel market

The naira on Monday stabilised against the dollar at the parallel market, the News Agency of Nigeria, NAN, reports. The Nigerian currency traded between N380 (buying rate) to N385 (selling rate) on Monday afternoon, maintaining the same rate as at ...

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CBN suspends charges on large withdrawals

The Central Bank of Nigeria (CBN) has directed Deposit Money Banks to suspend charges on over-the-counter or ATM withdrawals of above N500,000 or deposit of same amount. The apex bank’s Director, Banking and Payments System Department, Mr Dipo Fatokun, in ...

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Naira continues gain against dollar

The Naira on Thursday strengthened against the dollar in all the major segments of the market. At the parallel market, the Nigerian currency gained five points to exchange at N385 to the Dollar from the N390 recorded on Wednesday. The ...

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Access Bank Appoints Former Executive Director as Group Deputy Managing Director

Access Bank Plc has announced the appointment of Mr. Roosevelt Michael Ogbonna, as Group Deputy Managing Director to replace Mr. Obinna Nwosu who recently resigned his appointment to pursue other personal endeavours. The new Group Deputy Managing Director began his ...

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Nigeria’s economy to rise 0.8 per cent in 2017 through agriculture, rise in oil output and big government spending – IMF

The International Monetary Fund, IMF, Tuesday, projected that Nigeria’s economic growth would rise by 0.8 per cent in 2017. The agency, in its World Economic Outlook report unveiled in Washington, said continued growth in agriculture, rise in oil output and ...

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FOREX LIQUIDITY: CBN injects $280m into various sectors of Nigerian market

The Central Bank of Nigeria, CBN, on Tuesday injected about $280 million into various sectors of the market in its determination to sustain liquidity in the foreign exchange market since the commencement of its weekly $20,000 sale to licensed Bureau ...

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Accountant General: TSA now over N7 trillion

The Federal Government has recorded a whopping over N7 trillion in the Treasury Single Account (TSA) towards the end of March 2017, Accountant General of the Federation (AGF), Mr Ahmed Idris has said. In an interview with the Economic Confidential ...

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Nigerian Mining Society urges FG to concession Ajaokuta steel

The Nigerian Mining and Geosciences Society on Sunday advised the Federal Government to concession the Ajaokuta Steel Company to a competent private operator. Prof. Gbenga Okunlola, the President of the society, gave the advice in an interview with newsmen in ...

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Fidelity Bank grosses N152bn, proposes 14k dividend for 2016 FY

Fidelity Bank Plc (www.FidelityBank.ng) grossed N152.0bn in earnings for the financial year ended December 31, 2016 and is proposing to pay a dividend of 14kobo per share to shareholders. The full year audited results for the top Nigerian lender, released ...

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Conoil, A G Leventis, 9 other firms fail to file audited results – NSE

The Nigerian Stock Exchange (NSE) on Monday said Conoil and 10 other quoted companies have failed to file their 2016 audited results within the stipulated time. The exchange said in a statement in Lagos that the defaulting companies included Capital ...

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