June 02, 2014 Daily Trust/Kayode Ogunwale Fifteen banks listed on the Nigerian Stock Exchange (NSE) recorded gross earnings of N2.806 trillion at the end of 2013 financial year ended which December 31, 2013. The banks’ turnovers surged by N301 billion, representing 12.02 per cent from N2.505 trillion in 2012. Gross […]
Author: InvestAdvocate
CBN goes tough on foreign exchange dealers
Punch, June 02, 2014. The Central Bank of Nigeria has ordered all authorised foreign exchange dealers to credit the accounts of beneficiaries of repatriated foreign exchange within 24 hours. The bank said the new directive would take effect from June and failure to comply would attract severe penalties. The CBN […]
External reserves fall by $11.3bn
Punch, June 02, 2014 by Oyetunji Abioye The nation’s external reserves have fallen by $11.3bn from $48.4bn in May last year to $37.1bn as of May 27 this year, representing a 23.3 per cent drop. The foreign reserves also declined by 2.62 per cent month-on-month to $37.14bn as of May […]