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…
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Category: Business
Inflation declines by 0.52 % in March
Agency report || The National Bureau of Statistics on Thursday said that inflation dropped by 0.52 percent in March, the second decline recorded in the year- on- year basis. The…
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CBN releases additional $250m for Forwards market
The Central Bank of Nigeria (CBN) on Wednesday, April 12, 2017, released additional $250 million on 7 to 30-day forwards for agriculture, airline, petroleum products and raw materials. The Bank…
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Forex : CBN Sells $100m to SMEs
… makes $100m spot wholesale … May open window for dividend remittances Small and Medium Enterprises (SMEs) in the country involved in the importation of critical and eligible finished and…
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Dangote strikes diamond!
Sixty hearty cheers to the modern day industrialist, quintessential gentleman, and Africa’s wealthiest man as he strikes another one; this time his latest milestone is reaching the desired age of…
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