archiveMarch 28, 2017

Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users at not more than N360/$1 for invisibles, the Central Bank of Nigeria (CBN) on Tuesday crashed the rate at which it sells foreign exchange to Bureaux...

First City Monument Bank (FCMB) Group Plc has announced 109 per cent increase in profit before tax (PBT) to N16.3 billion in financial year ended December 31, 2016 from N7.8 billion recorded in 2015. The management proposed dividend payment of 10 kobo per share for the full year 2016. From...

The Nigerian Stock Exchange on Tuesday closed on a profit-taking note as market capitalisation dropped by 0.31 per cent or N27 billion to N8.791 trillion from N8.818 trillion. Similarly, The NSE All-Share Index closed at 25,406.17 basis points after it went down by 78.45 basis points or 0.31 per cent...

...say NASS is a confused burden Nigerians on Tuesday sent a petition to President Muhammadu Buhari and demanded a referendum on whether the country should retain the present political arrangement having two chambers in the National Assembly. According to them, the National Assembly as constituted at present has remained a...