By Udeme Ekwere Market indices closed lower on the Nigerian Stock Exchange on the first trading day of the week as most banking stocks recorded significant losses. The key benchmark indices, which had improved last Thursday, dipped as a result of huge sell-offs witnessed in banking, insurance and other major […]

By Okechukwu Nnodim With about 40 days to the September 30 deadline given to the rescued Deposit Money Banks to recapitalise or face liquidation, the Central Bank of Nigeria, on Monday expressed optimism that the DMBs would clear the hurdle. The banks that lacked the capability to meet the stipulated […]

By Okechukwu Nnodim with agency report The naira fell to its weakest in almost two months against the United States dollar on the inter-bank market on Monday after the Central Bank of Nigeria removed restrictions on the amount of dollars lenders could sell to operators of Bureau De Change. The […]