Tuesday, July 17, 2018

Tag "Finance"

    Oando shareholders demand Adeosun’s sack

Oando shareholders demand Adeosun’s sack

Shareholders of Oando Plc have demanded the sack of Kemi Adeosun, minister of finance, for allegedly interfering with the stock market.In a statement which Trusted Shareholders Association of Nigeria (TSAN) issued in conjunction with the Proactive Shareholders Association (PSA), the stakeholders accused the minister of shielding Oando from being probed by the Securities and Exchange Commission (SEC).They insisted Adeosun was [...]

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    Fraud perpetrated by bank staff on the rise, says NDIC

Fraud perpetrated by bank staff on the rise, says NDIC

Nigeria Deposit Insurance Corporation (NDIC) says the number of fraud cases attributed to internal abuse by staff of banks increased from 231 in 2016 to 320 in 2017.Mohammed Ibrahim, head, communications and public affairs of NDIC, said in a statement that the figure was in the organisation’s recent report on off-site supervision of the Deposit Money Banks (DMBs).He said: "The [...]

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    Investors confidence soars as FX window records $1.323bn transactions

Investors confidence soars as FX window records $1.323bn transactions

Trading results from the FMDQ OTC Securities Exchange, has shown that foreign exchange trading at the investors' and exporters' (I & E) window recorded an unprecedented high.The total market turnover rose to $1.323 billion from $803.1million in just one week.The surge in activities at the I & E window was linked to offshore investor interest in treasury bills and the primary [...]

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    ‘Seized allocation’: We warned you, FG tells Fayose

‘Seized allocation’: We warned you, FG tells Fayose

The federal government has blamed the Ekiti state government for its failure to access a budget support facility (BSF) made available to 35 states.Fayose had accused the current administration of deliberately withholding the January allocation of his state because of the grouse he has with the current administration.But in a statement on Thursday, Salisu Dambatta, director of information at the [...]

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Exchange Rates

July 11, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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