Thursday, July 20, 2017
Business

Business

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Some businessmen in Lagos on Monday expressed concern that the continued crashing of the Naira at the parallel market was making it difficult for them to sell their goods. In separate interviews with the News Agency of Nigeria (NAN) in...
Trading at the Nigerian Stock Exchange (NSE) resumed for the week on Monday still on negative trend with the market indicators dropping by 4.09 per cent with persistent profit taking. The News Agency of Nigeria (NAN) reports that the All-Share...
The Central Bank of Nigeria (CBN) has said that it would assist the Dangote Group to access foreign exchange to facilitate its 14 billion dollar refinery project. Mr Godwin Emefiele, the Governor of the CBN, said this during a tour...
The promise of Africa’s biggest economy has turned to peril. Companies drawn to Nigeria by the prospect of a population bigger than Germany and Turkey’s combined are retreating; those staying have publicly criticized the president, a military strongman in the...
The figures coming from the National Bureau of Statistics shows that Nigeria’s Gross Domestic Product (GDP) has contracted by 2.06% in the second quarter of 2016 According to the report, the decline has caused the Naira to get weaker while...
President Muhammadu Buhari on Monday told a gathering of business leaders that he did not see the benefit of the naira's currency peg against the U.S. dollar being removed. Nigeria's central bank abandoned the naira's 16-month old exchange rate peg,...
Payments of salaries and wages as well as payments and deposits for self-to-self transactions whether inter or intra bank are exempted from the N50 stamp duty policy, the Central Bank (CBN) has said. Mallam Ibrahim Mu’azu, CBN Director, Corporate Communications,...
Following the plea made by the Body of Bank CEOs asking the Central Bank of Nigeria (CBN) to lift the suspension of eight banks barred from participating in the foreign exchange market, the CBN lifted the ban Wednesday afternoon. The...
Naira on Monday depreciated further at the parallel market amid growing shortage of the currency. According to NAN reports, Naira lost N5 to exchange at N297 to the dollar, representing a depreciation of 1.7 per cent. It traded previously for N292 to...
Some Shareholders’ groups on Monday kicked against the call by stockbrokers to invest the N90 billion unclaimed dividend in the nation's bourse to boost its liquidity. The shareholders told the News Agency of Nigeria in Lagos that it was not...