The Naira on Monday in Lagos appreciated marginally against the dollar at the parallel market, gaining N2. The currency exchanged at N468 to the dollar as against N470 it traded…
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Category: Business
30% of forex spent on fuel import – Adeosun
Ebun Francis About 30% of Nigeria’s forex spending is for the importation of premium motor spirit(fuel) according Mrs Kemi Adeosun, the minister of finance. The minister disclosed this in Lagos at…
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Sanusi: At N300/dollar, no need for fresh devaluation
Muhammad Sanusi II, emir of Kano and former governor of the Central Bank of Nigeria (CBN), says the naira, at 300 to a dollar, needs no fresh devaluation, he told…
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It was impossible to follow the law in the remittance $13.9bn – MTN
MTN Nigeria has explained that it was impossible to follow the provisions of the law on the issuance of Certificates of Capital Importation (CCI) before it repatriated $13.9 billion out…
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ExxonMobil divests from Nigeria’s down stream sector
Ebun Francis ExxonMobil, the world’s largest oil company by market value, has announced that it has divested its 60 percent stake in Mobil Oil Nigeria (MON), effectively quitting the downstream…
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