The Director-General of the Securities and Exchange Commission, Ms Arunma Oteh, on Monday resumed duty. This, however, came without any protest from workers who last week threatened to resist her return after the Federal Government had announced her recall. Following the resumption of Oteh, the Acting DG, Mr. Ibrahim Bello, […]
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Nigerian naira firms, further gains expected
The Nigerian naira firmed on the interbank market on Monday as dollar flows from two energy companies and banks increased liquidity and supported the local currency. The naira closed at 161.10 to the dollar, firmer than its 161.25 close on Friday. Traders said a unit of Addax Petroleum sold $10 […]
CBN issues guidelines for bank’s clearing houses
The Central Bank of Nigeria has issued new revised rules for the guidance of all Nigeria Banks Clearing Houses. The bank in a circular on Friday said the objective of the NBCH was to facilitate the implementation of an effective and efficient payment system in the Nigerian banking industry. It […]
