Naira Now 475 to a Dollar as Demand Rises in Parallel Market
The naira has been weakened further on Monday, trading at 475 to the United States Dollar in the parallel market amid a rise in demand for the greenback. The naira…
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NNPC Boss, Emefiele Summoned Over Unremitted N3.2tn
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, and the Governor of the Central Bank of Nigeria, Godwin Emefiele have been summoned by the House of…
Continue readingSenate Challenged AuGF for Shielding NNPC, NPA and Others
While commenting on the 2021 budget defense of the Office of the Auditor-General for the Federation, the Chairman, Senate Public Affairs Committee, Senator Matthew Urhoghide challenged the acting Auditor-General of…
Continue readingCa-COVID Alliance Plan Recovery Support for Households and Businesses Affected by EndSARS Crisis
The Central Bank of Nigeria (CBN), Bankers committee, and Coalition Against COVID-19 (Ca-COVID) alliance have announced a plan to provide recovery support for all households and businesses affected by the…
Continue readingUyo Chamber of Commerce Proposed to Build Trade Fair Village
Speaking during the Inaugural meeting on the formation of youths and women wing of Uyo Chamber of Commerce, Industry, Mine and Agriculture, the President, Mr. Nseyen Ebong said his group…
Continue readingInvestment Analysts Expect Bullish Pressure to Continue this Week
In spite of the bullish sentiment in the equities market that has seen the market rising over 30 percent this year, investment analysts have predicted that further uptick in stock…
Continue readingCBN MPC Members Expressed Concerns Over Forex Demand Pressure
Members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the high forex demand pressure in the nation’s foreign exchange market. The MPC members…
Continue readingDistribution of 100,000 Free Meters Commences Next Week – IBEDC
In line with the Federal Government’s National Mass Metering Programme, the Ibadan Electricity Distribution Company Plc, IBEDC said on Wednesday that it would start rolling out free meters to customers…
Continue readingBullish Trend Sustained with N324bn at Stock Market
The Stock Market breadth closed positive on Wednesday as the gainers at the close of trading session was 51 while decliners closed at seven. As market sentiment extended gaining streaks,…
Continue readingDepreciation of the Naira Against Dollar is Likely – Rewane
The Managing Director/Chief Executive Officer, Financial Derivatives Company Limited, Mr. Bismarck Rewane has projected that as oil prices stay at $40-$43 per barrel, the naira will be weakened in the…
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