Thursday, July 20, 2017
Business

Business

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The Naira has depreciated further at the parallel market amid expectations of an intervention by the apex bank in the foreign exchange market. The Naira on Friday afternoon exchanged for N310 to the dollar from N307 it traded for previously...
Nigeria's economy, suffering from the drop in oil prices, is expected to grow by 3.78 percent this year, up from 2.97 percent in 2015, as it tries to confront its worst crisis in decades, the national bureau of statistics...
MTN Group, Africa's largest mobile phone company, has hired a former top US law enforcement official to help challenge a $3.9 billion fine imposed by Nigeria for failing to disconnect unregistered users, the Financial Times reported on Wednesday. Citing people...
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...
A UN report released on Wednesday in Addis Ababa, predicted Africa economy to grow up to 4.4 per cent in 2016, up from 3.7 per cent in 2015. Adam Elhiraik, Managing Director of Macroeconomic Policy Division at the UN Economic...
Central bank governor, Godwin Emefiele said on Tuesday that the apex bank has kept its benchmark interest rate at 11 percent. Emefiele said the 12 members of the bank's Monetary Policy Committee voted unanimously to keep the rate unchanged. The bank...
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,...
European super powers Germany on Thursday threw their weight behind the current International Monetary Fund Managing Director, Christine Largarde for further term in office at the IMF highest position. This was revealed through a statement released on the website of...
The Central Bank has told commercial banks to start enforcing the country’s stamp duties law on financial transactions with “immediate effect”. In a circular to the banks, the CBN asked the banks to charge N50 on every N1 000 deposit...
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...