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Category: Business

Business Economy

CBN bars erring banks from SME Wholesale Forex window

Iheanyi Ejiofor May 2, 2017 headline

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
Business News

Nigeria to stop fuel importation by 2019 – NNPC

Iheanyi Ejiofor May 2, 2017 headline

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
Business Economy

CBN working towards convergence of FX rates – Okoroafor

Iheanyi Ejiofor May 2, 2017 headline

Emeka Ejere || The Central Bank of Nigeria (CBN) has been working to make the exchange rates for its currency converge on the official and black market, its spokesman Isaac Okoroafor…

Read More CBN working towards convergence of FX rates – Okoroafor
Business News

Economy: NGE drums support for CBN policies

Iheanyi Ejiofor May 2, 2017

The Nigerian Guild of Editors (NGE) has urged Nigerians to support the Central Bank of Nigeria (CBN) in its activities to diversify the economy, just as it commended the efforts…

Read More Economy: NGE drums support for CBN policies
Business Economy

Nigerian stocks hit three-month high on strong earnings, FX moves

Iheanyi Ejiofor May 2, 2017

Emeka Ibemere || Nigerian stocks hit a three-month high on Tuesday, lifted by company earnings results that outperformed market expectations and hopes that a new currency-trading window will help lure…

Read More Nigerian stocks hit three-month high on strong earnings, FX moves

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