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Fed Pause Expectations Keep Lid On Dollar

-- Euro Weakens on Slowdown Fears; Dollar Advances The dollar struggled for traction against its peers on Tuesday, with investors increasingly convinced the Federal Reserve...
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CBN To Sanction Banks For Using A State Code For Another

-- CBN mandates all lenders to activate MICR reject/repair flag on their clearing system, for accurate cheque reject/repair statistics report and good decision making...

ECB Keeps Policy Unchanged As Europe’s Outlook Darkens

-- European Central Bank (ECB) President Mario Draghi holds a news conference, in Frankfurt, Germany January 24, 2019. ECB Keeps Rates On Hold As...

Otedola in talk to acquire Forte Oil upstream, power firm

Femi Otedola earlier signalled to sell-off  his 75 percent direct and indirect holdings in Forte Oil downstream business. The majority shareholder of Forte Oil Plc, Femi...
Money bag

Minimum Wage: Buhari gets minutes of committee’s meetings with organised labour

-- Labour unions warn their readiness to embark on indefinite industrial action from November 6 if the government failed to take the necessary steps to announce...

2019 Budget May Not Meet Target — ICAN Boss , Alhaji...

The President, Institute of Chartered Accountants of Nigeria, Alhaji Rasaq Jaiyeola, has said that the recently unveiled federal budget for the 2019 fiscal year...

Cryptocurrency Will Boost Trade In Nigeria, Experts Say

-- Luno recently organized cryptocurrency forum in Lagos Cryptocurrency, which is a digital currency that uses cryptography to validate and secure transactions, is the surest...

GDP Report: Europe’s Economic Frailties On Display after Draghi’s Downer

GDP from France, Italy, Spain, euro area due to be published  ECB President has acknowledged the deteriorating backdrop Europe’s economy is giving the optimists little...
Nigeria's stock exchange

Market Indices Slump By 1.4% Amid Loss Of Investor Confidence —...

It was another period of pullback at the end of last week’s trading on the equities sector of the Nigerian Stock Exchange (NSE), which...

Nigeria Earns N808b From VAT — NBS report reveals

About N800 billion was realised from Value Added Tax (VAT), data from the National Bureau of Statistics (NBS) , report say. According to the NBS,...
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CBN Issues Banks New Consumer Protection Rules

The Central Bank of Nigeria (CBN) has issued new Consumer Protection Guidelines to improve the quality of banking. The regulator has directed commercial banks to...

Nigeria To Save $20b From Food Import Ban

THE implementation of the ‘no forex for food import’ directive could save $20 billion for the economy, a Central Bank of Nigeria (CBN) data...
Kenya Airways

‘Nigerian Market Kept Kenya Airways Through Recent Economic Hard Times’

The survival of Kenyan national carrier, Kenya Airways, from recent economic hard times has been linked to supports enjoyed from the Nigerian market. The Country...
china bank

Yuan Sets at 7.0136 Per Dollar Weaker Than 7 For The...

China’s central bank on Friday set the official midpoint reference for the yuan at 7.0136 per dollar. That followed Thursday’s rate of at 7.0039 yuan per dollar...

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