Nigeria’s naira depreciated for a second day, heading for the biggest drop in a week, after the central bank reduced the amount of dollars sold at an auction today. The currency of Africa’s biggest oil producer weakened 0.3 percent, the most since Feb. 27 on a closing basis, to 158.05 […]
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Unclaimed dividends now N60 billion-SEC
By Peter OBIORA Investadvocate Lagos (INVESTADVOCATE)-The newly inaugurated Board of the Nigeria’s Securities and Exchange Commission (SEC) Wednesday said unclaimed dividends in the Nigerian Capital Market (NCM) has hit N60 billion mark. Suleiman Ndanusa, the Chairman of SEC disclosed this in Lagos Nigeria at the Maiden Meeting with Publishers […]
Sanusi: Nigeria Never Had $67bn Foreign Reserves
The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has stressed the need for a thorough governance review of transparency and accountability in the oil sector. Sanusi said this while presenting a speech at a forum organised by members of the Metropolitan Club in Lagos Tuesday. […]
