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Naira Closes At 417/Dollar At I & E Window

(AFRICAN EXAMINER) – The exchange rate of the naira at the Investors and Exporters window closed at 417 to 1 dollar on Monday, representing a 0.08 per cent depreciation compared to N416.17 recorded on Friday. The open indicative rate also closed at N416.15 to the dollar on Monday. An exchange rate of N444 to the […]

SPONSORED: Business is Blooming at FloralInvestment.com

If you had told 25 year old Nicole that one day she would be earning more from her investments than she could from a salary, she would have never believed you. If you had told her that her investment would be in flowers, she would have fallen over laughing! But, that is exactly what happened […]

Global Recession: IMF Slashes UK Economic Growth Rating For 2017

BALTIMORE, MD (AFRICAN EXAMINER) – The impacts of Brexit on UK fortunes are still counting as the International Monetary Fund (IMF) just cut its forecast – rating for her economic growth next year. This is amidst the speculation and warning that the global recovery will remain “weak and precarious”. Unlike the its prediction which raised […]

TSA: Senate Orders Termination of CBN Contract With Systemspecs

… Recommends Commission of N7.6billion Ayodele Afolabi, Abuja The Senate Wednesday ordered termination of contract the Central Bank of Nigeria (CBN) had with Systemspecs, an e- revenue collection platform for the Treasury Single Account (TSA) operation. The upper Legislative Chamber also directed that the apex bank should remit N656.5million to Systemspecs as its own commission […]

Senate Summons CBN Governor Over Naira Free Fall Against Dollar

Ayodele Afolabi, Abuja The Senate has summoned the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele to appear before it on next week Tuesday to give explanations on reasons behind the continuous depreciation of Naira against the Dollar in the FOREX market. The decision followed a Point of Order raised by the […]

FG Seeks To Cut Crude Oil Benchmark As Prices Nosedive In Global Market

From Ganiyu Nasirudeen Against the backdrop of backward trend of the crude oil prices in the global market, the Federal Government has announced resolve to address the issue with a view to shield the country’s economy from the imminent and attendant negative impacts. In line with this, Minister of Finance, Dr.Ngozi Okonjo-Iweala, hinted Sunday at […]

Nigerian Stock Exchange Introduces X-Alert

Kayode Adelowokan, Lagos The Nigerian Stock Exchange (NSE) has commenced the reduction of the cost of its Trade Alert Service by about N1.24 billion from March 2014. This will scrap the current charge of 0.6% of every trade on the exchange and introduce an enhanced notification system called X-Alert, which will be charged at a […]

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