The naira is set to appreciate further in the week as the Central Bank of Nigeria (CBN) plans to inject more foreign exchange (forex) into the market to meet the requests of genuine customers. The spokesman of CBN, Mr. Isaac Okorafor, said this yesterday in Lagos. The News Agency of Nigeria (NAN)Read More
HCM Reacts To SEC’s Ban: We Are Ready To Set The Record Straight For The Avoidance Of Doubt And Confusion.
Following its suspension and subsequent unbanning by the Securities and Exchange Commission from the capital market, the apex regulatory agency in the sector, Heritage Capital Markets Limited has decided to set the record straight for the avoidance of doubt and confusion. In a statement titled: ‘Heritage Capital reacts to SEC’s unbanningRead More
By Charles Ugochukwu charles One sure way to address the lingering economic recession assailing the country is to harness the immense potentials in the nation’s burgeoning information and communication technology (ICT) sector. The foregoing submission was made by experts at separate fora recently. These experts hold the view and very strongly tooRead More
A consortium of local banks may assume the management of Etisalat Nigeria over unpaid loans extended to the telco about two years ago. The development is a fallout of the difficult being faced by the telecom in settling the. Already, the telco has approached the Central Bank of Nigeria (CBN) andRead More
-Anietie Udobit, Abuja The Central Bank of Nigeria, CBN, has released a new foreign exchange policy in the country with immediate effect. The new policy is sequel to last Thursday’s directive by the National Economic Council, NEC, for immediate review to stem the widening gap between the inter-bank foreign exchange and parallelRead More