Sunday, January 20, 2019
Naira Dips Marginally Against Dollar At Parallel Market The naira on Tuesday depreciated marginally against the dollar at the parallel market, exchanging at N361.20 to the dollar. The Nigerian currency lost 20 kobo from N361 earlier traded before the Easter break. The...
FAAC Allocation: FG Receives N263.28Bn In February – NBS The National Bureau of Statistics (NBS), says the Federal Government received a total of N263. 28 billion from the N635.55 billion Federation Account Allocation Committee (FAAC) disbursed to three tiers of...
Nigeria’s foreign reserves skyrocket to $46.2b Nigeria’s foreign exchange reserves gained 8.8 per cent as of March 28, to $46.2 billion compared to same period in February 2018, according to data from the Central Bank of Nigeria (CBN). The reserve is...
Fix rates for banks, expert advises as MPC meets A financial expert has advised the Central Bank of Nigeria (CBN) on how to manage interest rates as the Monetary Policy Committee (MPC) holds it first meeting this year. The meetin holds...
CBN is reaffirms Commitment to Development of Agriculture The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, says the apex bank remains committed to development of agriculture and other allied products in the country. Mr. Emefiele said this on...
Stockbrokers lament effects of delayed policy meeting on trading As the much-delayed meeting of the Monetary Policy Committee (MPC) is about to hold, stockbrokers have assessed the negative impacts of the delay on the activities in the Nigerian capital market. The...
Expert harps Nigeria’s Potential in honey production Mr Dauda Abbas, the official in-charge of Apiculture at Audu Bako College of Agriculture, Kano State, says Nigeria has the potential to produce 20 million litres of honey annually. Abbas made the disclosure in...
Dangote Sugar Posts N54BN Profit before Tax In 2017 Dangote Sugar Plc has posted a profit before tax of N53.599 billion in its full year ended December 31, 2017. The company’s result released on the Nigerian Stock Exchange at the...
Bauchi Women Devise Local Method Of Processing, Preserving Tomato Paste Housewives in Bauchi have devised a way of processing and preserving  tomato paste locally for sale or consumption at home in times of scarcity. Checks by the News Agency of Nigeria...
AfDB urges Africa to process cocoa, produce chocolate The African Development Bank (AfDB) has advised that it is time to process cocoa and produce chocolate in Africa, and to end the continent from being at the bottom of global value...
FMDQ admits Lapo MfB’s N3.15b bond FCMB Capital Markets Limited has acted as financial adviser and Lead Issuing House on the successful fundraising and listing of Lapo Microfinance Bank Limited’s N3.15 billion bond on the FMDQ OTC platform. The bond, the...
Two CBN deputy governors, three MPC members assume duty Mrs. Aisha Ahmad and Mr. Edward Adamu have formally assumed duty as deputy governors of the Central Bank of Nigeria, following the confirmation of their appointments last week by the Senate. The...
Seplat, Mobil others top stock market N76 billion loss Price losses yesterday continued to outweigh gains on the trading floor of the Nigerian Stock Exchange (NSE), as most blue-chip companies, especially Seplat and Mobil constituted the losers’ chart, causing market...
FG grows TSA accruals to N8.9tr, Adeosun says The Treasury Single Account (TSA) has yielded over N8.9 trillion revenue, the Minister of Finance, Mrs. Kemi Adeosun, said yesterday. She spoke at the investigative public hearing into the TSA by the House...
Fake products: Company rep blames regulatory agencies The representative of SC Johnson West Africa, manufacturers/distributors of Kiwi brand shoe polish, Mr. Oghale Elueni has accused regulatory agencies, including Standards Organisation of Nigeria (SON) of frustrating manufacturers’ efforts by refusing to...
Ankara opts for crude oil deal with NNPC INDICATIONS emerged yesterday that the trade volume between Nigeria and Turkey has hit about $1.5 billion annually. The trade is however in favour of Nigeria because Turkey imports Liquefied Natural Gas (LNG),...
Lafarge Africa raise market capitalisation to N278.79, lists N131b rights shares Lafarge Africa Plc has raised market capitalisation to N278.79 billion and has listed about 3.1 billion ordinary shares of 50 kobo each. FINANCIAL WATCH gathered the supplementary shares arose from...
Edo state moves to boost rubber cultivation, production The Edo State government have made fresh efforts to boost rubber production and improve her non-oil sector with the 2,500-hectare rubber plantation in Urhonigbe, in Orhionmwon Local Government with other agricultural initiatives;...
Again NDIC cautions Nigerians against transactions in crypto currencies For the umpteen times, the Nigeria Deposit Insurance Corporation (NDIC) says transactions in crypto currencies are not authorised by the Central Bank of Nigeria (CBN), warning Nigerians against transacting business in...
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