CBN Permits Banks to Sell Forex at Any Rates
In what appears as a subtle devaluation, the Central Bank of Nigeria (CBN) has authorised deposit money banks and dealers to freely sell foreign exchange at a rate set by the market.
Troops neutralise 11 terrorists, recover weapons in Kaduna
The Defence Headquarters says the troops of Operation Whirl Punch in conjunction with Special Forces have neutralised 11 terrorists in an encounter in Kaduna.
Nigerian Bourse Sheds Weight in Q1
The equities segment of the Nigerian Exchange (NGX) shed weight in the first quarter amidst seesaw price movements in the local bourse. The market boomed before negative price movements drag the exchange lower.
GCR Downgrades Ardova Plc with Negative Outlook
Following a decision to finance its acquisition with borrowings, GCR Ratings has downgraded Ardova Plc.’s national scale long-term and short-term Issuer ratings to B-(NG) and B(NG) respectively, from A-(NG) and A2(NG) previously.
Chelsea sacked Graham Potter
Chelsea has sacked manager Graham Potter, the London-based football club said on Sunday after a string of poor results left the team 11th in the English Premier League (EPL).
Naira Rides Soft as Nigeria Records Huge FX Outflow
Nigeria, Africa’s largest economy by gross domestic product (GDP) size, has remained on the spending side. This time, the government and its agencies are positioned well in spending either local or foreign currencies to a level above earnings generation.
Lekki Seaport to generate 170,000 jobs – NPA
The Nigerian Ports Authority (NPA), says the Lekki multi-purpose seaport is expected to generate more than 170,000 direct and indirect jobs for Nigerians when completed.
CBN Enhances eNaira Features amid New Notes Scarcity
The Central Bank of Nigeria (CBN) in collaboration with ChamsMobile Ltd. and Super Agents have developed eNaira enhanced services
Ghana Slams MTN $773m Tax Bill After Audit
MTN Group subsidiary in Ghana has received a bill for unpaid tax liabilities of about GHS8,209,603,842.14 or $773 million, including
20 ships discharge petroleum products, others at Lagos ports – NPA
20 ships discharge petroleum products, others at Lagos ports – NPA
The Nigerian Ports Authority (NPA) said that 20 ships at the Lagos Port Complex...
