Saturday, January 19, 2019
Business

Business

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The naira appreciated slightly against the United States dollars across various segments of the foreign exchange (forex) market yesterday on sustained supply of the greenback by the Central Bank of Nigeria (CBN). Specifically, on the Bureau De Change (BDC)...
The Executive Secretary, Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, says the Federal Government has no plans to increases the price of Premium Motor Spirit known as petrol. Saidu reinstated in a statement on Tuesday in Abuja that the...
The Council of the Islamic Financial Services Board (IFSB) with its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board. With this development, the NDIC has now joined the...
The Central Bank of Nigeria (CBN) on Monday, added fertiliser to the list of items classified as “Not Valid for Foreign Exchange.” In June 2015, the apex bank had listed 41 items it said were ineligible for allocation of foreign...
The Chartered Institute of Bankers of Nigeria (CIBN), has given a Certificate of Accreditation to Unity Bank’s staff training academy. Aimed at continuous human capacity development, the Accreditation according to the institute , would enable staff of Unity Bank and...
The management of Ikeja Electric has said that one of its technical staff that suffered electric shock while on duty at a network in Ijegun/Ikotun area of Lagos is alive. Mr Felix Ofulue, IE Head of Corporate Communications Unit, made...
The Oil workers unions have reassured the Federal government that its members would not go on strike over the threat of Depot owners to shut down services over issues on payment of outstanding subsidy claims. The Unions are the Nigeria...
The Nigeria Deposit Insurance Corporation (NDIC), on Wednesday, offered insights why the Central Bank of Nigeria (CBN) revoked the licenses of 154 Micro Finance Banks (MFBs) and six Primary Mortgage Banks. Managing Director of the Nigeria Deposit Insurance Corporation (NDIC),...
The Central Bank of Nigeria (CBN) and telecommunications giant, MTN, have agreed to settle out of court in the latter’s suit to challenge a directive to return the $8.1 billion allegedly illegally repatriated. Speaking in court after a hearing on...
A court in Lagos has adjourned the case between the Central Bank of Nigeria and South African telecoms firm, MTN Group, until Dec. 12, following advance discussion to settle out of court. The dispute is over the transfer of $8.1billion...
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