Union Bank Plc plans to sell non-banking units to comply with Central Bank of Nigeria regulations, Chief Executive Officer Emeka Emuwa said yesterday in Lagos. “The...
I am compelled to make this public statement to address the various allegations levied against the Central Bank of Nigeria (CBN) and cited as the reasons for my suspension from...
Some of the world’s biggest banks have been accused of colluding to fix Libor A US regulator has sued 16 banks for allegedly manipulating the London...
I read with interest an article in one of the national newspaper and was amused by the apparent lack of understanding of how monetary policy is...
The naira firmed 0.30 per cent against the U.S. dollar on Monday, after one oil company sold dollar to some banks and the central bank intervened...
Chairman, Nigeria Ship Owners Association (NISA) Chief Isaac Jolapamo has appealed to the Federal Government to remove the waiver clause from the Coastal and Inland Shipping...
Weekly activities on the Nigerian Stock Exchange (NSE) open on Monday on positive trend with the market indicators appreciating by 0.57 per cent. The market capitalisation...
Ecobank Transnational Incorporated (ETI) says it has set up a new committee to search for new board members as agreed at its extraordinary general meeting on...
International Monetary Fund IMF, Executive Board, has urged the Federal Government to take strong action to address oil theft and production losses. IMF also advised the...
The Ecobank Transnational Incorporated (ETI) will amend its Article of Association, a statement issued at the end of its Extra Ordinary Meeting, on Tuesday in Abuja has...
The Nigerian Stock Exchange (NSE) said it would reduce trade alert transaction cost by N1.24 billion from March 2014. The NSE notice was contained in a...
The Central Bank of Nigeria (CBN) has approved the liquidation of 83 micro-finance banks, Alhaji Umaru Ibrahim, the Managing Director, Nigeria Deposit Insurance Corporation (NDIC), said in Abuja. Ibrahim,...
The Nigeria Commodity Exchange (NCX) said it has yet to resume activities due to the ongoing privatisation of the organisation by the Federal Government. The Group...
Central Bank of Nigeria (CBN) said it had concluded plans to partner with Nigerian Communication Satellite (NIGCOMSAT) for the provision of wireless internet service. Mr Aaron...
The naira firmed against the dollar on the inter-bank market on Monday after the Central Bank of Nigeria CBN, said it will sell dollars on forward...