Trial and error policies that have damaged Nigeria’s financial markets
The handling of the Nigeria banking crisis portrays every investor in Nigerian economy as a common criminal who should not be trusted and must be dealt with. Going by the current CBN governor's understanding of his role in the economy, his responsibility starts and ends with protecting depositors only.
CBN jerks up banks’ forex sale to BDCs by 100%
In a move to close the gap between the official foreign exchange rate and the parallel market exchange rate, the Central Bank of Nigeria (CBN) last week raised by 100 per cent the limit banks’ sale of autonomous foreign exchange to bureaux de change (BDCs). Consequently, each bank can now sell foreign exchange up to N1 million to BDCs per week.
Airtel appoints Lawanson board member
Airtel Nigeria has announced the appointment of Mr. Kehinde Adebo Lawanson, an Executive Director with First Bank Nigeria Plc, as a member of its Board of Directors in non-executive capacity.
CSR: Guinness facelifts LUTH eye centre
Guinness Nigeria Plc, brewer of Guinness Stout has given the Guinness Eye Centre at the Lagos University Teaching Hospital (LUTH) a face lift.
Shareholders petition SEC on Premier Breweries’ rights issue
A group of shareholders of Premier Breweries Plc have called on the Securities and Exchange Commission, SEC, to launch an investigation into the just-concluded rights issue of the company.
Onoja asks FG to establish secondary education commission
Chairman of the ministerial visitation panel to Federal Unity Colleges, Chief Sylvester Onoja, yesterday urged the Federal Government to establish Secondary Schools Commission without delay in order to arrest the dwindling standard of secondary education in Nigeria
