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Category: Business

Business News

Huge cyber attack reported Worldwide

Iheanyi Ejiofor May 12, 2017

A massive ransomware campaign appears to have infected a number of organisations around the world. Computers in thousands of locations have apparently been locked by a program that demands $300…

Read More Huge cyber attack reported Worldwide
Business Economy

FOREX: CBN approves $100m for sale at SMIS

Iheanyi Ejiofor May 9, 2017 headline

The Central Bank of Nigeria (CBN) has approved the sale of $100 million at the Wholesale Secondary Market Intervention Sales (SMIS) auction announced on Monday, May 8, 2017. The CBN…

Read More FOREX: CBN approves $100m for sale at SMIS
Business Economy

Goje submits 2017 budget report to Senate

Iheanyi Ejiofor May 9, 2017 headline

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…

Read More Goje submits 2017 budget report to Senate
Business Economy

CBN pumps $81.2 m for BTA, SMEs segments, others

Iheanyi Ejiofor May 8, 2017 headline

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
Business Economy

FOREX: Dealers fail to subscribe fully to CBN $100m offer

Iheanyi Ejiofor May 3, 2017 headline

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

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