ABUJA – Faced with an unbridled demand for the dollar at the foreign exchange market, forex, leading to consistent crash in the Naira, the Central Bank of Nigeria, CBN, has launched an investigation into utilisation of foreign exchange bought from its official outlet, the Wholesale Dutch Auction System, WDAS, by end-users. […]

LAGOS – Organised labour, weekend, gave conditions to government before embarking on total removal of subsidy on petroleum products. It said government must give a definite deadline to end importation of petroleum products into country and specific details on how the money realised from subsidy removal would be spent. President-General […]

The plans by Deap Capital Management and Trust Plc (Deap),    to transform into a merchant bank have received a boost as Discoverpoint Holdings, a private equity holding company based in New York, United States, is set to inject $150 million capital into the Nigerian firm. Deap, an investment management and […]