CBN to probe forex restriction on banned items policy violators

The Central Bank of Nigeria (CBN) has expressed its intention to initiate investigations of bank accounts of companies involved in importation of the 41 banned items for possible violation of the policy on foreign exchange restriction on the affected items. In a circular titled ‘Foreign Exchange Restriction on the importation of 42 items’ signed by […]

Investors lose N10bn as market sustains sluggish trend

The Nigerian Equities market closed the second trading session of the week negative with the market value shedding N10 billion on Tuesday. In specific terms, the market capitalisation settled at N11.835 trillion against N11.845 trillion recorded on Monday, indicating a loss of 0.08 percent or N10 billion. The All Share Index dipped by 0.08 percent […]