Business & Economy - Page 95

The Manufacturers Association of Nigeria (MAN) has urged the Central Bank of Nigeria (CBN) to explore avenues to resolve outstanding obligations on foreign exchange forward. Mr Segun Ajayi-Kadir, the Director-General, MAN, who made the call in a statement yesterday in Lagos, said

Chairman and CEO of Motors Ltd, Innocent Chukwuma, manufacturers of all categories of motor vehicles in Nigeria has assured Nigerians that Compressed natural gas-powered vehicles, said to be cheaper to drive and maintain than petrol-powered ones, will soon flood the Nigerian vehicle market.

The Dangote Group has denied that it has backtracked by acknowledging that NNPC supplied about 60% of the 50 million barrels the refining division of the group has so far lifted, pointing out that it “never accused NNPC of not supplying us

By Ademola Tijani The Central Bank of Nigeria (CBN) has announced plans to implement a Retail Dutch Auction System (DAS) to address the increasing unmet foreign exchange (FX) demand from end users. According to a circular obtained by Daily Query, the

The Nigerian Exchange Ltd. (NGX) has lifted the suspension placed on trading of C & I Leasing Plc shares, effective Aug. 1. This information was contained in the weekly market report of the NGX, released to the media yesterday, August 2, in

The Central Bank of Nigeria (CBN) now allows next-of-kin, legal representatives or beneficial owners to claim balances from dormant accounts. In a recent release, the CBN clarified that next-of-kin can submit applications to financial institutions to retrieve unclaimed funds. These applications must

By Rukayat Adeyemi The Nigerian stock market experienced a mixed performance on Monday (yesterday, July 29), with the All-Share Index closing lower in spite of a significant boost to market capitalisation. The listing of 2.42 billion shares in a private placement by