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CBN policy: Massive job cuts looms in manufacturing sector

The federal government’s drive to create jobs for millions of unemployed Nigerians may suffer a huge set back following the Central Bank of Nigeria’s (CBN) recent directive excluding some essential raw materials from the list of items valid for forex in the Nigerian Foreign Exchange (forex) markets. According to business analysts, this move will in no time lead to the lay-off of over 40, 000 Nigerians who work in the manufacturing sector.

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Stockmarket, week

Capital base requirement: SEC urges investors to verify compliance of operators

Following the recent announcement by the Securities and Exchange Commission (SEC) of the level of compliance by Capital Market Operators (CMOs) to the new minimum capital requirement, the Market-wide Implementation Committee has called on the investing public to verify the compliance status of their preferred CMO before patronising them.

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