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FebCBN to discontinue sale of forex to banks by year end
The Governor of the Central Bank of Nigeria, Godwin Emefiele has said that the apex bank will stop the sale of foreign exchange to banks by the end of the year.According to Emefiele, banks must begin to source their forex from export proceeds.“The era is coming to an end when, […]
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FebVeritas Kapital Assurance appoints Paul Oki as Independent Non-Executive Director
Veritas Kapital Assurance has notified the Nigerian Exchange and the investing public of the appointment of Mr. Paul T. Oki as an Independent Non-Executive Director of its board.The appointment of Mr. Paul T. Oki has been approved by the National Insurance Commission.Mr. Oki combines over twenty-three (23) years of hands-on[…]
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FebMarket extends downtrend as profit taking persist by investors
Transactions on the floor of the Nigerian Exchange on Tuesday closed on bearish note for the third straight sessions as the All Share Index dipped by 0.31% to close at 47,057.24 points from the previous close of 47,203.39 points.Investors lose N79 billion as the Market Capitalisation closed at N25.357 trillion,[…]
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FebEllah Lakes partners with Montserrado Investment Ltd to build a 600TCD Sugar Refinery
Ellah Lakes Plc has announced a collaboration agreement with Montserrado Investment Ltd to build a 600 Tons of Cane per Day Sugar processing plant.This is in support of the National Sugar Master Plan (NSMP) championed by the National Sugar Development Council (NSDC), which is geared towards “Accelerating the development and[…]
