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Demand Pressure Weakens Naira at Interbank Market

The naira depreciated further against the United States dollar at the interbank segment of the foreign exchange market yesterday as a result of strong demand for the greenback. THISDAY checks yesterday showed that the local currency slipped by 71 kobo to close at N158.10 to a dollar Thursday, compared to […]

ADB president nominated to head Japan central bank

ADB president Kuroda nominated to become Japan’s next central bank governor Japan‘s prime minister Shinzo Abe vowed to push ahead with more aggressive monetary easing as he Thursday nominated Haruhiko Kuroda to head the country’s central bank. The current Bank of Japan governor, Masaaki Shirakawa, will step down on March […]

$4,095 SEC Fraud: EFCC Presents More Witnesses

The Economic and Financial Crimes Commission, EFCC, Wednesday presented two more witnesses in the on-going trial of the former Chairman of the House of Representatives Committee on Capital Markets and Other Institutions, Herman Hembe and his deputy, Chris Ifeanyi Azubogu before Justice Peter Kekemeke of the FCT High Court, Apo, […]