CATEGORY: BUSINESS NEWS

FX Policy Under Threat As Banks Shun Interbank Market

Sources Reveal Some Banks Are Now Openly Buying & Selling FX Above Interbank Rates This was after banks learnt...


Hot Money Is Back: Foreign Investments Into Nigeria Up 75% QoQ

  The National Bureau of Statistics has released its 2016 third quarter capital importation report revealing that the total value...


@ToluOgunlesi : Govt. Is Strengthening Its Role As ‘Publisher’ To Better Communicate

Government is going back to its role as Publisher The Nigerian Government Is Building A World Class Website That...



You No Longer Need Lawyers & Accountants To Register A Company, Its DIY- CAC

The Registrar of the Corporate Affairs Commission Bello Mahmud has announced that you no longer need accountant or lawyers...


Senate Is Accusing Volkswagen of Lying About Its Vehicle Assembly Plants

The Nigerian Senate has announced plans to investigate Volkswagen Automobile Group, accusing the company of not assembling vehicles in...


Morgan Capital Confirms Suspension From NSE Trading System

Morgan Capital has announced that its Online Stock Broking Platform iTrade is shut down following the company’s suspension from...


Naira Settled Currency Futures Records Highest Daily Trading Volume in October

The daily trading volume of Nigeria Settled FX currency futures   has plunged over the past weeks as the original...


Lagos State Threatens To Takeover These Abandoned Buildings in Ikoyi and VI. 

The Lagos State Government has threatened to “enforce relevant provisions of the law” if owners of abandoned properties in...





New Circular: CBN To Sell Dollars Direct To These Industries

The Central Bank of Nigeria has issued a new circular indicating that it will intervene in the forex market...


Abraaj Buys “Minority” Stake In Indorama Fertilizers. 

The Abraaj Group, a Dubai-based private equity investor has announced the acquisition of a minority stake in Indorama Fertilizers. Indorama is...








Buhari Submits 2017 Draft Budget To Senate With “Exchange Rate of N290/$1”

President Muhammadu Buhari on Tuesday submitted a draft budget for 2017 Fiscal year to the Senate for approval. The...