FREEPRESS – The much expected Dangote Rice is billed to hit the market very soon as the management has commenced the harvest of its first tranche. Sources within the organisation said Aliko Dangote has been very happy with the news…
FREEPRESS – The board of directors has recommended payment of N7.26 billion as interim dividends for the first half of this year as the bank sustained stable top-line and bottom-line. Shareholders will receive a dividend per share of 20 kobo…
FREEPRESS – Groaning under intense hardship imposed by poor government policies and global economic crunch, over 20 shipping firms have exited the nation’s shores. This is coming as Dockworkers Union of Nigeria (DUN) lamented that over 3,000 workers have already…
FREEPRESS – Naira, yesterday, suffered its most steep depreciation in the inter-bank market since the new foreign exchange market commenced, trading at N365.25 per dollar against N314.14, almost 14 per cent drop in one day. Parallel market rate hovered around…
FREEPRESS – The Securities and Exchange Commission, SEC yesterday disclosed that it has extended the recapitalisation deadline for Capital Market Operators (CMOs) and as well as the free registration of e- Dividend Mandate Management System (e-DMMS) exercise for investors to…
FREEPRESS – The Central Bank of Nigeria (CBN) has denied reports that prospective Muslims pilgrims were granted concessionary foreign exchange rate for the 2016 pilgrimage. This is contained in a statement in Abuja on Tuesday by the bank’s acting Director…
FREEPRESS – Nigerians should prepare for another increase in the pump prices of petrol, due to the continued scarcity of foreign exchange to finance the importation of the product, oil marketers have said. According to them, the United States dollar…
FREEPRESS – An accountant and bureau de change, BDC, operator, Harisson Owoh, says the naira is on the path to recovery as banks were set to sell Forex to BDC Operators. Owoh told the NAN in Lagos that his colleagues…
FREEPRESS – The Central Bank of Nigeria (CBN) has directed Nigerian deposit banks to allow customers deposit cheques into their saving accounts. The directive, which was issued via a circular, is part of four new guidelines for the banking sector…
