Business News
Business and economic news from Nigeria and around the world.
GEJ Suspends Lamido Sanusi As CBN Governor With Immediate Effect
President Jonathan suspends Lamido Sanusi as CBN Governor, appoints Dr. Sarah Alade, Acting Governor. Here is the just released statementon...
Read moreDetailsExternal Reserves Crash to $41.4b (Feb 18) From Its Peak of $48billion in May 2013
Punch||The nation’s external reserves have dropped by $3.4bn in the last 12 weeks, according to the latest data from the...
Read moreDetailsThis Is The Portion of Your Salary Exempted/Deductible From Tax
The Personal Income Tax Act was amended in June 2011 to address some of the issues with the previous act...
Read moreDetailsA:L:E:R:T==>Economists Predict ‘Naira devaluation coming in 2015’
The Nation||The continuous decline in foreign reserves and increased spending expected during 2015 elections are likely to force the incoming...
Read moreDetailsEnough is enough on CRR: Bank Directors Tell CBN
Thisday||The Bank Directors Association of Nigeria (BDAN) has expressed dissatisfaction over the decision of the Central Bank of Nigeria (CBN)...
Read moreDetailsCBN Biometrics: In “18 Months” Time You Won’t Be Able To Do A Bank Transaction Without Your Fingerprints
Punch||The Central Bank of Nigeria on Friday inaugurated the biometric registration of bank customers and declared that after 18 months...
Read moreDetailsMissing $20billion: Okonjo Iweala Request For Forensic Audit As Final Solution
The Nation||Forensic experts should examine the state of the Federation Account, the government suggested yesterday. Such an audit by independent...
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Sanusi’s CRR Comments Sparks Sell Off; Sectorial Indices Tank, Only 8 Equities Gained, 53 Losers etc
The NSE All Share Index dropped to its 7 weeks low yesterday and dipped below 40,000 points for the first...
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Official: The CBN Will Approve Your Employment Letter Before You Join Any Bank
The Central Bank of Nigeria has released a directive to banks mandating them to seek prior approval before recruitment of...
Read moreDetailsNaira Is Now At Its Lowest Since 2011. N164.5 At The Interbank
The naira weakened for a second day to its lowest since 2011 as investor inflows were said to have slowed...
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