As part of its determination to increase foreign exchange liquidity and improve access by Small and Medium Enterprises (SMEs) and retail businesses, the Central Bank of Nigeria (CBN) has introduced…
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Category: Business
Dangote to become largest world rice exporter- AFDP
Ebun Francis || DrAkinwumi Adesina, The president of African Development Bank and former Minister of Agriculture under Ex-President Goodluck Jonathan said that Alhaji Aliko Dangote, Africa’s richest man and President of…
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Abuja runway ready ahead of schedule- FAAN
Ebun Francis || The Federal Airport Authority of Nigeria(FAAN) on Sunday said the Nnamdi Azikiwe Airport, Abuja, which was shut on the 8th of March 2017 for six weeks repair…
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CBN Restores Calm in Forex Market
The efforts of the Central Bank of Nigeria (CBN) aimed at ensuring stability in the foreign exchange market may have started yielding results as the market is now awash with…
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Banks’ dollar demand slumps…over Fear of dollar crash
There are strong indications that the demand for foreign exchange by authorized dealers has slumped, as the dealers were only able to pick $45 million out of the $100 million…
Read More Banks’ dollar demand slumps…over Fear of dollar crash