4/7/2016/Punch By Oyetunji Abioye The Central Bank of Nigeria says it is examining the potential and future risks of the recent exit of the United Kingdom from the European Union. The UK had a few days ago exited the EU following the results of a referendum it conducted. The Deputy […]
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NASD records positive returns on its index
July 1, 2016 // NASD OTC Plc Culled—–Proshare The NASD OTC market closed the first half of the year with a growth of 13.29% on its Index. Despite the policy flip flops, exchange rate uncertainty and budget delay which faced the Nigerian economy, it recorded a growth at the end […]
Manufacturers lose N348.6bn to new forex policy
4/7/2016/Punch Anna Okon Manufacturers who had outstanding dollar requests and Letters of Credit (applied for at N197/dollar) before the new foreign exchange policy came into existence lost approximately N348.6bn by Monday, June 20, 2016, the day the policy commenced, findings by our correspondent have revealed. The outstanding LCs and dollar […]
