Currency

The dollar edged up against a basket of its key rivals on Tuesday with investors erring on the side of caution as they looked for more concrete signs of stabilisation in the global economy. With most currencies staying within well-trodden trading ranges ahead of European and Chinese data, the Australian dollar was the surprise loser […]

The Nigeria Employers’ Consultative Association (NECA) has called for the deregulation of the downstream sector of the oil and gas industry to boost the economy. Timothy Olawale, the director general of NECA,at a stakeholders’ meeting of manufacturers  in Lagos, said except fuel subsidy was removed, Nigerians would continue to suffer intermittent scarcity. He said the […]

The Nigeria Employers’ Consultative Association (NECA) Wednesday appealed to the federal government to stop deducting stamp duty charges from bank customers in the country. Timothy Olawale, director general of NECA, made this request while fielding questions from reporters in Lagos. According to Olawale, the Central Bank of Nigeria (CBN) and the Nigerian Postal Service (NIPOST) […]

A total of N25.4 billion was disbursed in 2018 to facilitate the exportation of non-oil products including cashew and sesame seeds among other,Isaac Okoroafor, tthe director, corporate communicationsd Department, Central Bank of Nigeria (CBN),, has said. He disclosed that 509 beneficiaries have accessed credits from the N60.8 billion provided under the Agric-Business/Small and Medium Enterprises […]

President Muhammadu Buhari will tomorrow launch the micro pension scheme in Abuja. The micro pension plan, which is an initiative of the National Pension Commission (PenCom) is aimed at the provision of pension services to self-employed persons in the informal sector and employees of organisations with less than three staff.  PenCom, the regulatory body for […]

Lagos State Government yesterday said that it has funded its employees’ Retirement Savings Accounts (RSAs) under the Contributory Pension Scheme (CPS) with N170 billion in the last 12 years. This was even as governor Akinwunmi Ambode and Oluwatoyin Ogundipe, the vice chancellor, University of Lagos, called on workers to design a plan for the life-after-retirement […]

The U.S. dollar slipped against a basket of major currencies on Tuesday, as concerns over the U.S. economy and expectations that the Federal Reserve will prove accommodative at a meeting this week weighed on the greenback. The dollar index, which measures the greenback against six major currencies, fell 0.21 percent to 96.322, hovering close to […]

S&P and Nasdaq futures moved higher on Monday after a Labor Department report showed U.S. consumer prices rose for the first time in four months in February, but Boeing’s drop for the second day weighed on the Dow futures. Consumer Price Index (CPI) rose 0.2 percent, in line with estimates from economists polled by Reuters. […]