Manufacturers renew complaints over forex crises
Piqued by inability to import raw materials due to paucity and high cost of foreign exchange (forex), industrialists have appealed to the Federal Government to create alternative measures to enable genuine manufacturers access forex for enhanced production.
Forex trading and trending ‘copy’ strategy
It is said that the forex markets are the domain of experienced traders, and it is certainly true that trading has become increasingly more fast-paced as new financial instruments and underlying assets become available.
‘Brexit is not all about economic doom for Nigeria’
Exit of Britain from the European Union popularly called Brexit is not all about doom for Nigeria’s economy and the rest of Africa, financial experts, at the yearly lecture series of the Chartered Institute of Bankers of Nigeria (CIBN), have said.
Shareholders of DN Meyer endorse planned N220m capital raise, name change
Shareholders of DN Meyer Plc have approved the company’s plan to raise additional capital of N220 million by way of rights issue.They also endorsed the firm’ arrangement to change its name to Meyer Plc in order to reflect the core ownership of the company.
Anti-fraud group unveils initiatives with CBN, NCC
The combination of efforts by government agencies and banking industry anti-fraud initiative may have led to the tightening of assessed leakages in the payments system, a step further in locking out fraudsters...
Ensuring foreign exchange stability in Nigeria
The many inconsistencies of the Central Bank of Nigeria (CBN) as to its management of the country's foreign exchange policy over the last two years, once again came into focus when the bank announced the new floating exchange rate regime based on a two-way quote.
UBA, Zenith Bank, others lift NSE’s turnover by N26.4b
Heavy transactions in the shares of some banks, especially United Bank For Africa Plc (UBA) and Zenith Bank, last week, enhanced the volume of shares traded, as a turnover of 2.387 billion shares worth N26.381 billion were recorded in 28,072....
Sterling Bank unveils ‘flexi-work’ rules for staffers
Sterling Bank Plc has unveiled its new employee relation’s rule, tagged Flexi-time and Flexi-place, as employees’ welfare in the banking industry becomes topical in the midst of policy and economic challenges.