Business News
Business and economic news from Nigeria and around the world.
Need Forex? These Options Are Cheaper and Better Than Black Market
A friend was going traveling out of the country for the Xmas holiday with his family. It is a yearly...
Read moreHow British Visa Fees Will Be Paid In Naira
The British High Commission (BHC) in Nigeria has explained that while its visa fees are denominated in dollars, the payment...
Read moreWhy FBN Holdings Is Yet To Release Its 2013 9 Months Interim Results
FBN Holdings Plc (“FBNH”) has notified The Nigerian Stock Exchange that FBNH and its subsidiaries are currently going through an...
Read moreThis Is Why Interest Rates On Borrowing Is High In Nigeria
Reducing interest rate’ll raise inflation –Sanusi No surprises here, after all inflation rate has dropped from 12% to about 8%...
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These ‘Four Axis Of Evil’ Are Why The CBN Thinks Nigeria Is Still Underdeveloped
The Central Bank has never been one institution to shy away for criticising bad policy. Recently the Deputy‑ Governor (Operation),...
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AMCON Declares N823billion Loss (2011: N2.3trillion)
The Nation reports; The Asset Management Corporation of Nigeria (AMCON) has declared a loss of N822.9 billion for the year...
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This Crime Is So Evil Sanusi Labelled It An “Hydra Head Monster”
The CBN Governor was recently represented by his Deputy, Operations, CBN, Mr. Tunde Lemo at the 4th Annual Payment Systems...
Read moreCBN: These Are The Banks That Have Been Designated “Too Big To Fail”
According to Thisday; The Central Bank of Nigeria (CBN) has designated First Bank of Nigeria Limited, Guaranty Trust Bank Plc...
Read moreOfficial: No More ID Cards From 2014 As Banks Plans To Identify Customers With Finger Prints
The Punch Newspaper reports; The Central Bank of Nigeria and the Bankers Committee on Tuesday sealed a biometric solution pact...
Read moreThis Discount House Kept Three Books Of Accounts’| One For CBN, Another For Public and One For Auditors
Facts have emerged on how the top management of Consolidated Discount Limited (CDL) kept the alleged malpractices in its accounts...
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