Lambeth Capital Ltd

05/12/2018

CBN, EFCC to expose banks, others over forex infractions

Nike Popoola The Central Bank of Nigeria has said it will partner with the Economic and Financial Crimes Commission to expose and sanction institutions that work against its foreign exchange policy on stimulating domestic production. The CBN Governor, Godwin Emefiele, was quoted in a statement as sa...

05/12/2018

NCC suspends allocation of 5G frequency

Everest Amaefule, Abuja The Nigerian Communications Commission has suspended the allocation of frequency spectrums that are likely to be approved by the International Telecommunications Union for 5G network services. Executive Vice- Chairman at NCC, Prof Umar Danbatta, disclosed this at a Stakeholde...

27/11/2018

CBN, BDCs’ collaboration stabilises naira amid campaign spendings

The collaboration between the Central Bank of Nigeria (CBN) and the Buraeu De change operators has kept the naira stable at both the official and parallel markets despite huge campaign spendings by political parties. Aminu Gwadabe, president of Association of Bureaux De Change Operators of Nigeria (...

27/11/2018

Firm’s capex spend still below precession period

16/11/2018

Ten banks accounted for 87% of banking sector fraud — NDIC

Ifeanyi Onuba, Abuja Ten Deposit Money Banks accounted for about 87.63 per cent of fraud and forgeries that occurred in the banking sector in the 2017 fiscal period. This is contained in the 2017...

16/11/2018

Naira trades strong as CBN injects $210m into forex market

In its latest round of intervention, the Central Bank of Nigeria (CBN) on Tuesday, November 13, 2018, injected the sum of $210 million in the inter-bank foreign exchange market, which help to strengthen the naira. The local currency on Tuesday appreciated marginally by 0.05 percent to close at N363....

16/11/2018

Electronic fraud in banking projected to reach N6.1trn by 2021 says CBN

Electronic fraud loses in the Nigerian banking system are projected to reach N6.1 trillion by 2021 according to the Central Bank of Nigeria (CBN). The volume and value of e-transactions is projected to continue to increase nationally and globally as a result of broader ecosystem scope, evolution of....

16/11/2018

Coca-Cola set to exercise 100% option to buy Chi Limited

Atlanta headquartered beverage giant Coca-Cola Plc. has concluded plans to exercise its 100 percent option of acquiring Chi Nigeria Limited, makers of the Chivita line of products, sources familiar with the matter tell BusinessDay. Value of the complete acquisition is still unknown but in 2016, Coca...