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Category: Business

Business Economy

CBN ends Forex trading week with $288m Retail SMIS

Iheanyi Ejiofor November 24, 2017 headline

The Central Bank of Nigeria (CBN) on Friday, November 24, 2017, injected the sum of $287.89 into the Retail Secondary Market Intervention Sales (SMIS) in continuation of its resolve to…

Read More CBN ends Forex trading week with $288m Retail SMIS
Business Economy

Facebook to open Nigerian hub next year in African tech drive

Iheanyi Ejiofor November 22, 2017 headline

Emeka Ejere || Facebook will open a “community hub space” in Nigeria next year to encourage software developers and technology entrepreneurs and become the latest technology giant to pursue a…

Read More Facebook to open Nigerian hub next year in African tech drive
Business Economy

CBN retains interest rate, calls for early passage of 2018 budget

Iheanyi Ejiofor November 21, 2017 headline

Ebun Francis || The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) in its last meeting for the year and for the sixth consecutive time retained the…

Read More CBN retains interest rate, calls for early passage of 2018 budget
Business Economy

Nigeria floats $3bn biggest Eurobond

Iheanyi Ejiofor November 21, 2017 headline

The federal government says it has successfully priced its $3 billion Eurobond with a tenor of 10 and 30 years. This is the biggest Eurobond Nigeria has ever issued. The…

Read More Nigeria floats $3bn biggest Eurobond
Business Economy

CBN injects $210m into Forex market

Iheanyi Ejiofor November 20, 2017 headline

As the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) commenced its last meeting for 2017, the Bank on Monday, November 20, 2017, intervened in the inter-bank…

Read More CBN injects $210m into Forex market

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