The senate committee on appropriation and finance on Tuesday submitted the 2017 budget report to the committee of the whole house of the upper legislative chamber. The report was laid before…
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Category: Business
CBN pumps $81.2 m for BTA, SMEs segments, others
Following last Friday’s injection of $389 million into the retail segment of the forex market, the Central Bank of Nigeria (CBN) on Monday, May 8, 2017, intervened with the sum…
Read More CBN pumps $81.2 m for BTA, SMEs segments, others
FOREX: Dealers fail to subscribe fully to CBN $100m offer
The Central Bank of Nigeria (CBN) says authorized dealers were able to subscribe to $65.94 million out of the $100 million offered by it at the inter-bank wholesale transactions concluded…
Read More FOREX: Dealers fail to subscribe fully to CBN $100m offer CBN bars erring banks from SME Wholesale Forex window
Following persistent complaints that some deposit money banks (DMBs) have deliberately frustrated efforts by many small and medium enterprises (SMEs) to access forex from the new window created by the…
Read More CBN bars erring banks from SME Wholesale Forex window
Nigeria to stop fuel importation by 2019 – NNPC
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