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Business
CBN Threatens To Fire Bank CEO’s
The Central Bank of Nigeria, CBN, has threatened to suspend bank CEOs and MDs if they fail to publish their audited financial statements within the stipulated period.
In accordance with BOFIA 2010 LFN, CBN said banks are required to…
#BREXIT: British Pound Falls To It’s Weakest In 31 Years, Leading To France Overtaking…
Global markets buckled as Britain’s vote to leave the European Union drove the pound to the lowest in more than 30 years and European banks to their steepest losses on record.
Market expectations that Britain is on the verge of…
Ben Bruce Reacts To AMCON Taking Over Properties, Assets
Silver bird boss and law maker Senator Ben Murray Bruce has reacted to the current crisis rocking his business as reports circulated this morning that the Asset Management…
Naira Plunges In Free Float
The naira plunged against the US dollar on Monday after Nigeria’s government scrapped its fixed exchange rate and allowed market forces to determine the currency’s value
“Trading started at 9:00 am this morning. All the 24 commercial…
New Forex Regime To Kick Off At N260/$1
The Central Bank of Nigeria (CBN) is suggesting that the new band for the naira, pending the direction of market forces, will be between 260 and 270 to the dollar.
Godwin Emefiele, the CBN governor, had said the position of the naira…
NLC Threatens To Shut Down Six Banks For Sacking Workers
The Nigeria Labour Congress (NLC) yesterday threatened to shut the six banks that sacked their workers.
The umbrella union gave the affected banks two weeks’ ultimatum to recall the sacked workers and allow unionisation.
The…