Tag: Nigeria

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 […]

$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, […]

At Last, President Jonathan Signs 2013 Budget

President Goodluck Ebele Jonathan has signed the 2013 appropriation bill into law after withholding his assent to the bill for more than 6 weeks. The President and the National Assembly have been at loggerheads over the spending bill with the federal legislators threatening to jettison his assent with a veto. The National […]