Minister of Finance, Mrs. Kemi Adeosun, admitted that these debts need not be prolonged anymore, as the oldest is dated 1994, while the obligations include money is owed to state governments, contractors, oil marketers, as well as...
Neimeth, Forte oil, others enhance NSE’s indices by 2.47%
Neimeth International Pharmaceutical closed higher at the end of transactions on Friday, at the trading floor of the Nigerian Stock Exchange. It led others with 24.62 per cent to close at N0.81 per share.
CBN intensifies efforts to strengthen financial literacy
To address this, the CBN and other regulators in the financial ecosystem, according to her, adopted a programme, which emphasised consumer protection and financial literacy.
Why exchange rate remains high amid interventions
But since February this year when CBN liberalised further the foreign exchange market, it has put no less than $5 billion, most of which are in forwards sales with maturity dates ranging 30, 45, 60 days to one year.
Heritage Bank, Biase Plantations seal N232 million agric pact
Heritage Bank Plc, in Lagos, at the weekend, signed a N232 million pilot phase of out-growers agreement with Biase Plantations Limited (BPL), and its joint venture partner, PZ Wilmar Limited.
KPMG, ACCA urge regulators to enhance corporate governance
It explained that strong corporate governance signals governments’ commitment to creating credible arrangements for investors, taking their rights into consideration, and providing support mechanisms that safeguard their investment.
Red Star targets new opportunities in Nigeria
The logistics giant, which has become one of the most reputable firms in Nigeria, said the acquisition of FedEx has provided the company an unparalleled reach into the European market.
CBN pledges sound financial system, combats money laundering
The CBN Governor, Mr Godwin Emefiele, gave the assurance at the opening of the Regional Course on “Combatting Money Laundering and other Financial Crimes’’ on Monday in Abuja.
Naira gains as CBN offers $450 million in one week
The naira strengthened further against the dollar at the weekend as it exchanged for N365 per dollar at the parallel market, following two interventions by the Central Bank of Nigeria (CBN), which totalled $449.3 million.