Inter-bank lending rates climbed higher to an average of 15.66 per cent last week, from 14.5 per cent recorded the previous week, after the Nigerian National Petroleum Corporation recalled a portion of its deposits with some banks and forex purchases drained liquidity. Currency traders said the market opened with a […]
Author: InvestAdvocate
Dangote Regains Stock Exchange Presidency
Business mongul, Alhaji Aliko Dangote, will tomorrow take over as the President of the Nigerian Stock Exchange (NSE), following the ruling of the Court of Appeal in Lagos last Friday upholding his three appeals against cases that led to the nullification of his election as president of the exchange. Dangote […]
Zenon Oil Plc releases proof of utilization of FX sourced from CBN
STATEMENT FROM MR FEMI OTEDOLA FOLLOWING THE HOUSE OF REPRESENTATIVES DELIBERATIONS ON THE BRIBERY SCANDAL ON FRIDAY, JUNE 15, 2012. I have stated the facts in my interview with Thisday newspaper and nothing but the facts. That Farouk Lawan demanded $3 million from me and because I refused […]
