Dangote Refinery resumes petrol loading in Naira at N1,215 per litre
•As depots, filling stations adjust prices By Udeme Akpan, Energy Editor Dangote Petroleum Refinery has resumed gantry loading of Premium Motor Spirit (PMS), also known as petrol, in naira after a week suspension, ending uncertainty in the downstream sector over its temporary shift to dollar-denominated sales. Checks by Vanguard showed that the refinery has fixed […]
Elimination of multiple exchange rates is possible — Gwadabe, ABCON President
There are over 3,000 bureaux de change (BDCs) in the country, licensed by the Central Bank of Nigeria (CBN) to conduct retail, across the counter foreign exchange services. In this interview, Aminu Gwadabe, President of Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all BDCs in Nigeria, highlights the roles played by its members in the achievement of the relative stability in the foreign exchange market, as well as the challenges it posed to their operations. Excerpts
Tenure of CBN’s MSMED fund not development-friendly — MD, NPF MfB
The Managing Director/Chief Executive Officer, NPF Microfinance Bank Plc, NPF MfB, Mr. Akin Lawal, in this interview, highlights some of the short-comings of the Micro, Small and Medium Enterprises Development, MSMED, Fund of the Central Bank of Nigeria (CBN) and SME funding from the Development Bank of Nigeria (DBN). He also provided insight to lending activities of the NPF MfB. Excerpt.
It’s cheaper to have marine insurance than get fined for defaulting — Leadway boss
In this interview, Executive Director, General Business, Leadway Assurance, Ms. Adetola Adegbayi spoke on why importers should have insurance for their cargoes.
NAICOM to sanction insurers engaged in data deficient businesses
THE National Insurance Commission, NAICOM, has threatened to sanction insurance companies and brokers engaged in insurance businesses without sufficient information on the business insured.
Dangote Sugar: Investors soft-pedalling, but still beat analysts’ target price
THE Renewed bull-run on the stock of Dangote Refinery Plc, appeared to have placed it on a comfortable lead ahead of analysts’ projections despite the 1.14 percent decline it recorded towards end of last week. The two-day loss last week was signalling a profit taking amidst fears of year-end stock price re-balancing.
