Operators in the Nigerian capital market as well as stockbrokers have called on capital market regulators to expedite action on the trial of those found culpable in the N90bn fraud recorded in the market a few years ago. Specifically, the operators said that the case had to be urgently looked […]
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Nigeria’s naira eases on strong dollar demand
Nigeria’s naira eased against the U.S. dollar on the interbank market on Monday after a surge in demand by one lender buying the greenback for its customers, dealers said. The local currency closed at 157.80 naira to the dollar, weaker than Friday’s close of 157.55 naira. The naira had firmed […]
N5,000 bill will complement cash-less policy –CBN
The Central Bank of Nigeria on Monday defended the introduction of the N5,000 note, and argued that the new bill would complement the cash-less policy and reduce the cost of banking operations in the country. The apex bank also said the N5,000 note would put the country ahead of currency […]
