exchange

French Government, Unions Exchange Barbs In Strike Deadlock

December 30, 2019 4:59 pm

The French government and a key trade union on Sunday exchanged bitter accusations over who was to blame for France’s over three-week transport strike against pension reforms, as the stalemate showed little sign of relenting.

Deputy Transport Minister Jean-Baptiste Djebbari accused the hardline CGT union of a “systematic opposition to any reform” while the union’s chief Philippe Martinez charged the government with strewing “chaos” in the conflict.

The strike — now longer than the notorious 22-day strike of winter 1995 — has lasted 25 days and is on course to surpass the longest transport strike in France which lasted for

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Lampard Reveals Frank Exchange Inspired Chelsea Fightback

December 29, 2019 3:56 pm

Frank Lampard revealed a feisty half-time exchange inspired Chelsea to ruin Arsenal manager Mikel Arteta’s home debut with a thrilling fightback in their 2-1 win on Sunday.

Lampard was furious with Chelsea’s lethargic first half at the Emirates Stadium after they fell behind to Pierre-Emerick Aubameyang’s early goal.

The Chelsea boss was so frustrated he changed his side’s formation in the 33rd minute, hauling off Emerson and sending on Jorginho.

That switch proved an inspired move as Chelsea gradually took control and equalised in the 83rd minute after Arsenal keeper Bernd Leno’s mistake allowed Jorginho to tap in.

Tammy Abraham …

Royal Exchange Profit Falls By 187% In 3rd Quarter Q3 2019

October 24, 2019 1:37 pm

Royal Exchange Plc has recorded a 187 percent loss for the third quarter (Q3) of the year which ended 30 September 2019.

This was revealed in the insurance company’s unaudited financial statements published on the website of the Nigerian Stock Exchange. According to the financial statement, Royal Exchange generated ₦11 billion in its gross premium income over the past nine months of 2019. However, there was a 0.9 percent decrease compared to ₦11.1 billion which was generated in Q3 2018.

For its Profit Before Tax (PBT), the underwriting firm recorded a loss before tax of ₦72.8 million in Q3 2019, …

Nigerian Stock Exchange List Union Bank ₦30bn 10Yrs Bond

October 19, 2019 3:05 am

The Nigerian Stock Exchange (NSE) last Friday listed the Union Bank of Nigeria Plc’s ₦30 billion 10-Year, 16.2 per cent Subordinated Unsecured Fixed Rate Series 3 Bonds Due 2029.

The bond was issued by the financial institution under its ₦100 billion debt issuance programme and its listing will create liquidity for holders who want to trade the security. The bond is expected to boost the performance of the bank going forward.

Union Bank of Nigeria had reported profit before tax (PBT)of ₦18.7 billion for the half-year ended June 30, 2019, showing an increase of four percent from ₦11.7 billion in …

Emefiele reveals five years plan for CBN

CBN has no multiple exchange rates – Emefiele

May 27, 2019 12:00 am

Those accusing the Central Bank of Nigeria (CBN) of operating multiple foreign exchange (forex) rates are wrong, CBN Governor Godwin Emefiele has said.

What obtains are multiple foreign exchange (forex) windows, Emefiele said.

The CBN boss spoke at the University of Ibadan (UI) Distinguished Leadership Lecture Series, organised by the university in collaboration with the apex bank in Ibadan.

The multiple forex windows ensures that forex reaches critical sectors of the economy, he added.

Emefiele noted that the naira exchange rate had substantially converged around N360/$1, whether it is in the parallel market, or in the CBN.

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EFCC investigates MTN’s listing on stock exchange

May 26, 2019 12:36 am

MTN Nigeria yesterday said that it was being investigated by the Economic and Financial Crimes Commission (EFCC) over the listing of its shares on the Nigerian Stock Exchange (NSE).

In a statement posted on the exchange web site by MTN Nigeria Communications, Company Secretary, Uto Ukpanah, confirmed the investigation.

The statement said the company received a letter on May 23 from EFCC requesting information and documentation related to the listing of its shares on the NSE.

“MTN Nigeria has not been accused of any wrongdoing by the EFCC. We wish …