Dollar gains for a second day as markets eye Fed minutes
Market analysts warned against buying into the dollar’s strength.
NSE: Market capitalisation rebounds by N113 billion
The All-Share Index, which opened at 32,413.48, rose by 308.70 points to close higher at 32,722.18.
Egypt remains Africa’s largest recipient of FDI, UNCTAD says
Overall, the global financial picture of FDI’s in the first half of 2018, was “gloomy”.
Nigerian govt paying for ‘premium’, not subsidy – Keyamo
Mr Keyamo says the government is “putting Nigeria on the path of economic recovery and growth”.
Bank official jailed six years for diverting N5.2m depositors’ fund
Mr Ango sometime in 2011, while being a bulk teller in Access Bank, allegedly diverted over N5,224,500 of depositors’ money.
Economy: Don’t float $2.8bn Eurobond, Ezekwesili tells Nigerian govt
“In my view, what the plan to float the bond portends for the economy is that the Federal Government is digging in instead of digging out.”
Why Nigeria chose stable exchange rate over building foreign reserves – Emefiele
The CBN governor says the government has made the right decision on the matter.
ICPC uncovers Nigerian govt’s N9.8billion hidden in bank
Bank officials say their company is too broke to refund the money. ICPC st to seize assets.
NSE market capitalisation extends loss by N12 billion
The All-Share Index, which opened at 32,417.70, lost 35.12 points or 0.11 per cent to close at 32,382.58.
Why airline businesses fail in Nigeria – AMCON chief
Airlines need stiffer regulations to succeed, he said.
CBN liquidates another bank over liquidity problem
“The bank was closed because the shareholders of the bank have been unable to recapitalise it.”
NSE suspends trading in shares of six Nigerian companies
The NSE also names the six companies and their offence.
Non-performing Loans: Finance Minister wants bank chiefs, directors investigated, prosecuted
“The spate of non-performing loans in the banking industry has become very worrisome.”
NSE market indices dip further by 0.12% amid price losses
The All-Share Index, which opened at 32,423.57 lost 40.42 points to close lower at 32,383.15 amid price losses.
Illicit financial flows include tax evasion, avoidance – FIRS
African governments’ losses from IFFs now stand at $80 billion per annum.
FIRS recovers N3.63 billion from Illicit Financial Flows
The Service says it uncovered 114 companies that claimed they were not aware of lands allocated to them in Abuja.
NSE: Investors move 151.346 million shares worth N1.51billion
The All-Share Index, which opened at 32,454.03, lost 30.46 basis points to close at 32,423.57.
World Bank forecasts 2.7% growth for sub-Saharan Africa in 2018
The World Bank’s 2018 projection represents a slight increase from 2.3 per cent in 2017.
Oil marketers demand payment of N650 billion debt from FG
The marketers say the inability of federal government to pay the debt has resulted in massive job losses in the oil and gas industry.