By Emma Ujah The Central Bank of Nigeria (CBN) has said it did not direct Deposit Money Banks to seize funds in Community Associations’ Savings Accounts. There has been apprehension among members of Community Development Associations, Cooperative Societies and Social Clubs over reports that accounts held by such organizations which were not properly registered with […]

The CBN has assured that it would continue to make deliberate efforts in the foreign exchange to avoid further Naira fall

FG’s 10,000MW power generation target under new threat

Investors cut patronage of FGN Savings Bonds by 27%

By Godfrey Bivbere & Christiana Moneke The proposed National Transport Commission, NTC, has failed for the second time in getting presidential approval. Speaking in an exclusive interview with Vanguard at the 16th Maritime Seminar for Judges in Abuja, Chairman of the House Committee on Ports and Harbours, Garba Datti Muhammad, said the National Assembly had […]

STOCK MARKET BOOM: Pension fund investment in equities up 7.4% to N1.1trn

Interbank liquidity falls 82% as scarcity of funds intensifies

By Peter Egwuatu In spite of profit taking and the holi day induced reduction to three days trading sessions equities market investors gained N354.26 billion on the Nigerian Exchange Limited, NGX last week as market capitalisation rose to N28.157 trillion from N27.803 trillion the previous week. However, analysts predicted mixed sentiments for this week as […]

External reserves add $923m in 4wks, now $39.3bn

H1’22: Forex transactions in I & E rises 95% to $20.2bn