archiveJune 19, 2016

Nigerian Maritime Administration and Safety Agency (NIMASA) is set to automate its payment collection processes to engender greater efficiency and eliminate revenue leakages. Already it has held a meeting with shipping companies operating in the country. Some of the shipping companies represented at the meeting include; Grimaldi, Maersk, GAC, Hull...

From the value depreciation of 1.45 per cent upper week, the fortune of investors on the Nigerian Stock Exchange (NSE) changed for the better this week as they gained N692 billion. The All-Share Index of the Exchange rose by 7.40 per cent from 27,232.62 and closed at 29,247.27 while the...

Stockbrokers in the Nigeria Capital Market have reassured investors that the Nigerian Stock Exchange (NSE) has potential to generate strong Return on Investment (ROI) and the market is already witnessing a rebound with the new foreign exchange of the Central Bank of Nigeria (CBN). Besides, they advised investors to take...

Lagos Chamber of Commerce and Industry (LCCI), and the West African Institute of Financial and Economic Management (WAIFEM) have described the new flexible foreign exchange framework as not surprising. In separate statements, the two bodies expressed divergent views on how the new policy would impact the economy and the populace....

The President, Association of Bureau de Change of Nigeria (ABCON), Mr. Aminu Gwadabe, said the Central Bank of Nigeria (CBN) new foreign exchange policy regime would fuel cartel in the foreign exchange market. The BDC chairperson speaking with Business247 lamented over a number of issues which he claimed will erode...