Policy

What Went Under At The NSE Bloomberg CEO Roundtable
Policy

What Went Under At The NSE Bloomberg CEO Roundtable

The 2nd edition of the NSE Bloomberg CEO Roundtable held today, Wednesday, August 31, 2016 at the Stock Exchange House, Marina. The event themed “Navigating the Changing Business Landscape in Nigeria” brought together capital market participants, business leaders and Chief Executives of major companies across the key sectors of the […]

Manufacturing PMI Declines By 42.1% In August
Policy

Manufacturing PMI Declines By 42.1% In August

The Central Bank of Nigeria said the country’s manufacturing purchasing managers’ index, PMI for August declined by 42.1% compared to 44.1% in July. The CBN noted that production level, new orders, employment level and raw material inventories declining at a faster rate; supplier delivery time improving at a slower rate. […]

Why Olufolarin Ogunsanwo, LIRS Boss Was Sacked?
Policy

Why Olufolarin Ogunsanwo, LIRS Boss Was Sacked?

There are indications that Mr. Olufolarin Ogunsanwo, the Chairman of the Lagos Internal Revenue Service, LIRS was sacked for financial mismanagement. His retirement was communicated last week, however, Sahara Reporters is suggesting that reliable sources stated that Ogunsanwo was fired for not being able to account for about NGN4,2 billion […]

CBN Warns Against Selling Forex As Free Funds
Policy

CBN Warns Against Selling Forex As Free Funds

The Central Bank of Nigeria, CBN said it has noticed that some Authorised Dealers have continued to buy and sell foreign exchange referred to as “free funds”. This is ‘despite the provision of the circular referenced TED/AD/29/2004 dated March 4, 2004 on the subject. Against the background, Authorised Dealers are […]