SEC Seals up Yuan Dong (YDEC)
In furtherance of its determination to protect investors and ensure that illegal operators are not allowed to operate in Nigeria’s capital market, the Securities and Exchange Commission, Nigeria (SEC) has…
Experts Predict Further Gain as Naira Hits 445/dollar
Naira against dollar The naira rose to 445 against the United States dollar at the parallel market on Sunday, one week after the Central Bank of Nigeria introduced a new…
Shareholders Get N30bn Stranded Dividend
The Securities and Exchange Commission has said that over N30bn has so far been paid to investors in the Nigerian capital market from the backlog of unclaimed dividends. As a…
Aluko, Diezani’s ally owes tax in New York
Kola Aluko, a Nigerian oil mogul, wanted by the Economic and Financial Crimes Commission is owing the City of New York some overdue property tax.The $25,000 tax is over Aluko’s…
Domestic Airlines Drop from 150 to Eight
The number of domestic airlines in the country has dropped from 150 to eight in the last 17 years, the Nigerian Civil Aviation Authority has said. The General Manager, Public…
NEPC Applauds Entry into Force of the WTO Trade Facilitation Agreement
Nigeria received with great excitement the announcement by Roberto Azevêdo Director General of the World Trade Organisation of entry into force of the Trade Facilitation Agreement (TFA) on February 22…
FG to sell N5,000 savings bond
The Federal Government has concluded arrangements to launch its first-ever savings bonds into the domestic bond market next month, providing the retail investing public opportunity to invest in sovereign bond…
16 banks fund $220m with N72b at Forex forwards
With N72 billion, 16 banks funded $220 million Central Bank of Nigeria (CBN) allocations under the Forex Forwards policy meant to stabilise the naira, it was learnt yesterday. Banks are…
Forex: Dollar Crashes Again, Exchanges at N440 as CBN Floods Market
… CBN Pumps Additional $80m for PTA, Fees, Medicals & $100m Through Banks for Wholesale Forwards Market In keeping with its determination to increase liquidity in the foreign exchange market,…
Adeosun: DBN will function as catalyst for SMEs growth
The Minister of Finance, Mrs. Kemi Adeosun has disclosed that the Development Bank of Nigeria (DBN) is being positioned to galvanise the Small and Medium Scale Enterprises sector for the…