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Naira appreciates to N306.95/$ at interbank market

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The local currency, naira appreciated against the dollar at the interbank segment of the foreign exchange market to N306.95 on Thursday from N307 against the dollar it opened this month. Our correspondent gathered that dollar suffered the marginal loss against the local currency towards the end of September amid the[…]

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Govt’s website lists Adeosun, Fayemi as cabinet members

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The Federal Government’s website, www.nigeria.gov.ng, has listed the former Minister of Finance, Kemi Adeosun, as a current cabinet member, one year after her resignation. Adeosun, who had been replaced by Zainab Ahmed as Minister of Finance, resigned on September 18, 2018 following calls for investigation into allegations that she forged[…]

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No going back on cashless policy, says CBN

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Says policy to affect only 10% bank customers Ifeanyi Onuba, Abuja The Central Bank of Nigeria on Friday said it would continue to implement the cashless policy in line with its mandate to ensure an efficient payment system. The CBN Governor, Mr Godwin Emefiele, said this while briefing journalists shortly[…]

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NSE market capitalisation increases by N25bn.

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  Trading closed positively on the Nigerian Stock Exchange on Friday with the market capitalisation improving by N25 billion. The News Agency of Nigeria reports that the market capitalisation closed higher at N13.483 trillion compared with N13.458 trillion, an increase of 0.19 per cent. Also, the NSE All-Share Index rose[…]

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