The nation’s foreign exchange reserves fell by $1.457bn in September, the latest data from the Central Bank of Nigeria showed on Monday. The external reserves, which stood at $45.838bn at the end of August, declined to $44.380bn on September 27, 2018. Figures from the CBN had earlier revealed that the reserves, which had continued to…
The Chartered Institute of Stockbrokers (CIS), has urged the telecom giant, MTN, to dispatch with all regulatory headwinds properly before coming to the stock market for public offering to Nigerians, to enable it list at optimal price favourable to the company and investors. A member of the CIS 2018 Conference Committee, Akeem Oyewale, gave the…
Academy Press has bemoaned the inability to access foreign exchange (forex) under the current flexible exchange policy, urging government to address the issue to improve productivity and increase shareholders value Specifically, the Managing Director, Olugbenga Ladipo at the company’s 54th yearly general meeting held in Lagos, on Friday, said non-accessibility of forex affected the company’s…
