The dollar traded mainly higher Friday as currency traders turned more cautious in the face of a struggling stock market and mixed economic news.

Cost of funds in the interbank money market went down by 30 per cent following the inflow of N250 billion from excess crude revenue and Agriculture Credit fund

First City Monument Bank (FCMB) Plc has produced and launched about 250,000 Verve Automated Teller Machine (ATM) debit cards for use by its customers

Banks treasurers under the aegis of have decided to commence retail trading of bonds on the stock exchange.

Growing imports of cheap Argentine biodiesel into Europe are replacing U.S. imports hit by European Union anti-dumping duties in March, Swiss-German biodiesel producer Biopetrol (B2I.DE: Quote) said on Thursday.

Courier operators in the country have been urged not to encourage the inclusion of prohibited items in courier packages.

Lagos State Government has been able to save N200 million monthly through its use of Information and Communications Technology (ICT).

Business investment in Britain fell by a whopping 10.4 per cent in the three months to June,2009.It is sharpest decline in 24 years and raising the risk that Q2 GDP figures could be revised down, official data showed on Thursday.

British energy services firms, Amec and Hunting, raised their interim dividends after solid first-half results, defying concerns that lower spending on oil and gas exploration would hit their activities.

A recovery in air traffic is under way, according to latest data from a global industry body, in another sign the world economy is clawing its way out of recession.

Following the recessionary headwinds, WPP Group, London, an advertising agency said it has recorded decline in profit of 54 percent to 217million from $469 million.

As part of activities to consolidate its Nigerian market share, Dana Electronics Limited, authorised distributor of the Whirlpool home appliances in Nigeria yesterday held a training session for a number of the brand dealers across the country on the current and new product line ups.