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Banks Must Ensure Honesty Is Best Policy

Banks Must Ensure Honesty Is Best Policy

Liying In Business Undermines Capitalism Fake news has become a horrible euphemism for lying. But call it what you will, the dissemination of untruths has become dangerously entrenched in the modern world. If political lies threaten democracy, business lies undermine capitalism. Consider the damage to carmaker Volkswagen after its faked emissions testing scandal or to retailer […]

Transcorp MD Predicts Stock Market Rebound

Mr Emmanuel Nnorom, the Chief Executive of Transcorp, says the capital market will soon rebound with the current positive developments in the foreign exchange market. Nnorom said on Monday in Lagos that the capital market would soon overcome the current lull with foreign exchange rate stability and improvement in various sectors of the economy. He […]

Women Arrested For Selling Naira Notes

Six women were arrested by the police in conjunction with the Central Bank of Nigeria (CBN), for allegedly selling mint naira notes in Lagos. The women were allegedly selling the notes to people going to parties to ‘spray’ against CBN Act in 2007. The suspects-Fausat Jimoh, Bisoye Oyegbile, Balikis Ajadi, Bisola Amoru, Abidemi Oladejo and […]

Customers Complain Over Failed PoS – Zenith Bank

Customers Complain Over Failed PoS – Zenith Bank

Lawal Abimbola Idris: Too bad from you, I used your ATM in Festac on 29th of January but no amount was dispensed but I was debited for the sum of N20, 000 from my account. When I got to the branch in Festac I was told my details have been sent to head office. Till […]

Stock Exchange Lists Nigeria’s $1b Eurobond

Stock Exchange Lists Nigeria’s $1b Eurobond

The Nigerian capital market recorded a milestone yesterday with the listing of the $1 billion Eurobond issued by the Federal Government on the Nigerian Stock Exchange (NSE). The $1 billion FGN Eurobond issued under Nigeria’s newly established Global Medium Term Note programme is the first foreign currency denominated security to be listed and traded in […]

CBN Sells N310b Treasury Bills

CBN Sells N310b Treasury Bills

The Central Bank of Nigeria (CBN) has raised N310.14 billion (about $985 million) at an auction of treasury bills at yields lower than the inflation rate The bank sold N222 billion of one-year treasury bills at a yield of 18.49 per cent, lower than inflation at 18.72 per cent and compared with 18.44 per cent […]

Nigeria Central Bank To Clear Backlog Of Dollar Demand For Importers

Nigeria Central Bank To Clear Backlog Of Dollar Demand For Importers

Nigeria’s central bank said on Thursday it will sell dollars via a book-building process to clear a backlog of dollar demand for companies importing machinery, airline equipment and petroleum products. Companies would be required to pay the naira equivalent for their dollar bids on the spot market on Thursday, while the dollars will be delivered […]

19 Stocks Depreciate, Market Sheds N50bn

19 Stocks Depreciate, Market Sheds N50bn

The equities market on Wednesday went down again by N50bn after 19 stocks closed in the red. At the close of trading on the floor of the Nigerian Stock Exchange, the NSE market capitalisation dropped to N8.715tn from N8.765tn, while the All-Share Index closed at 25,183.10 basis points from 25,329.06 basis points.     A total […]

$500m Loan Targets Out Of School Children – World Bank

$500m Loan Targets Out Of School Children – World Bank

Nigeria’s effort to address  the problem of out-of-school children has been boosted by World Bank’s plan to offer a $500 million loan. An official of the bank and a Senior Education Specialist, Dr Olatunde Adekola, made this known in Sokoto. Leading a five-man team to state Governor Aminu Tambuwal, Adekola explained that the loan would […]

Fish Farmers Want Middlemen Removed From CBN Loan Scheme

Fish Farmers Want Middlemen Removed From CBN Loan Scheme

The Federal Government has been called upon to prevail on the Central Bank of Nigeria (CBN) to dismantle the middlemen in its Anchor Borrowers’ Programme to farmers nationwide. President of United Ufuoma Fish Farmers Association, John Ihesinaulo, who made the appeal in Ekpan, Uvwie Local Council of Delta State, noted that the agents were posing […]

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