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Category: Business

Business News

Nigeria to stop fuel importation by 2019 – NNPC

Iheanyi Ejiofor May 2, 2017 headline

Nigeria is determined to stop the importation of Petroleum products( premium motor spirit) otherwise known as petrol by 2019. Dr. Maikanti Baru, the Group Managing Director of NNPC, disclosed this to…

Read More Nigeria to stop fuel importation by 2019 – NNPC
Business Economy

CBN working towards convergence of FX rates – Okoroafor

Iheanyi Ejiofor May 2, 2017 headline

Emeka Ejere || The Central Bank of Nigeria (CBN) has been working to make the exchange rates for its currency converge on the official and black market, its spokesman Isaac Okoroafor…

Read More CBN working towards convergence of FX rates – Okoroafor
Business News

Economy: NGE drums support for CBN policies

Iheanyi Ejiofor May 2, 2017

The Nigerian Guild of Editors (NGE) has urged Nigerians to support the Central Bank of Nigeria (CBN) in its activities to diversify the economy, just as it commended the efforts…

Read More Economy: NGE drums support for CBN policies
Business Economy

Nigerian stocks hit three-month high on strong earnings, FX moves

Iheanyi Ejiofor May 2, 2017

Emeka Ibemere || Nigerian stocks hit a three-month high on Tuesday, lifted by company earnings results that outperformed market expectations and hopes that a new currency-trading window will help lure…

Read More Nigerian stocks hit three-month high on strong earnings, FX moves
Business Economy

Nigeria aims for more flexible system of forex allocation – Osinbajo

Iheanyi Ejiofor May 2, 2017 headline

Emeka Ibemere || Nigeria aims to end its use of a list of 41 import items for which local firms cannot get hard currency from the central bank and instead…

Read More Nigeria aims for more flexible system of forex allocation – Osinbajo

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