Crude Oil prices reversed higher and have been trending up over the last ten days. The Crude Oil futures contract on the New York Mercantile Exchange (NYMEX) made a low of $64.5 per barrel on August 16 and has bounced higher from there. The contract has surged about 7 per cent from the low and […]
Nigeria’s central bank plans to introduce regulations that will enable it to remove bank executives if they fail to publish audited annual accounts during the following 12 months, it said. Commercial bank is meant to publish accounts within four months of the end of their financial year. The regulator said in a report that banks […]
The Nigerian central bank may reduce the amount it has ordered South African telecoms firm MTN to repatriate as part of an ongoing disagreement, central bank governor Godwin Emefiele said on Sunday. MTN and the central bank are in a dispute over the transfer of $8.1 billion of funds which the bank said the company […]
