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Category: Business

Business Economy

Naira lifted Again As CBN Injects $418m

Iheanyi Ejiofor June 13, 2017 headline

…Investors/Exports Segment Hits $2.2BN The Naira is set to be given further lift in the forex market with CBN’s injection of another $418 million into various segments of the Interbank…

Read More Naira lifted Again As CBN Injects $418m
Business Economy

CBN boosts FOREX market with $413.5m

Iheanyi Ejiofor June 12, 2017 headline

The Central Bank of Nigeria (CBN) has intervened in the Interbank Foreign Exchange market to the tune of $413.5 million, further underscoring its resolve to guarantee liquidity in the market…

Read More CBN boosts FOREX market with $413.5m
Business Cover Economy

We did not concession any refinery to Oando and Agip- Kachikwu

Iheanyi Ejiofor June 9, 2017 headline

The minister of state for Petroleum, Dr. Ibe Kachikwu on Thursday said that Nigeria needs about $1.2bn to repair the three refineries owned by the Nigeria National Petroleum Corporation, NNPC and…

Read More We did not concession any refinery to Oando and Agip- Kachikwu
Business Economy

Dangote makes $1.1bn in six days

Iheanyi Ejiofor June 5, 2017 headline

Africa’s richest man Aliko Dangote made a staggering $1.1bn in the last six days following the extraordinary rally of the Nigerian Stock Market. Available information shows that NSE has gained…

Read More Dangote makes $1.1bn in six days
Business Economy

CBN injects $190m into Forex market, opens up market

Iheanyi Ejiofor June 5, 2017 headline

Relentless in its push to achieve convergence of rates in the interbank and Bureau de Change segments of the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday,…

Read More CBN injects $190m into Forex market, opens up market

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