The Central Bank of Nigeria has ordered banks to refund over N17bn illegally charged customers as of August 2014. The Head, Consumer Protection Department, CBN, Hajia Khadijah Kassim, said this in Calabar, Cross River State on Monday. He said the decision was in response to about 5,500 complaints received from […]
Capital Market
Nigeria naira sheds 0.27 pct as oil price continues to fall
Nigeria naira slipped 0.27 percent on Monday amid a shortage of dollars on the interbank market, as higher demand coupled with declining global oil prices raised doubts about the central bank’s ability to support the local currency. The naira closed at 163.85 to the dollar, below the three-month low of […]
Bears Resurface on Nigerian Bourse, Index Down 0.16%
Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Bears on Monday returned to the Nigerian bourse as benchmark index went down 0.16 percent lower than 0.90 percent recorded on Friday last week; as its Year-to-Date (YTD) returns currently stands at a negative 0.83 percent. Volatile trading persisted in the equities market, as Nigerian Stock […]
