Currency outside banks rises 119% as banks’ reserves up 79%
Peter Egwuatu Currency outside banks in Nigeria more than doubled in three years, rising by 119.3 per cent between August 2023 and August 2026, according to the Central Bank of Nigeria, CBN’s Money and Credit Statistics. The amount of currency outside the banking system increased to N4.874 trillion in August 2026, from N2.223 trillion in […]
Saudi Arabia calls for oil producers to extend cooperation
Top oil exporter Saudi Arabia called Sunday for extending cooperation between OPEC and non-OPEC producers beyond 2018, after a deal to cut output succeeded in shoring up prices.
Petrol subsidy may hit N449billion – Investigation
Unless Nigeria’s refining output rises significantly or the price of crude oil in the international market drops to an average of $40 per barrel or the Naira appreciates against major international currencies, Nigeria may spend about N448.8 billion subsidising Premium Motor Spirit, PMS, otherwise known as petrol, in 2018.
Nigerian Stock Exchange: Banking stocks lead equities rally
At the end of week’s trading today, 40 companies appreciated in price compared to 32 companies that recorded price depreciation, while the price of 100 companies remained unchanged.
Many states still owe workers’ salaries despite bailout funds – Survey
Many state governments have used the third tranche of the Paris Club refund to pay the arrears of workers’ salary and pension, a survey by the News Agency of Nigeria has revealed.
SEC extends deadline for free e-dividend registration to February 28
The Securities and Exchange Commission, SEC, has extended the deadline for the free electronic dividend (e-dividend) registration to February 28, 2018.
