The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market in continuation of its sustenance of liquidity in that segment…
Read More Again, CBN boosts forex market with $210
Category: Economy
Senate assures AGIP of commitment on $13.5bn oil project
The Senate Committee on Local Content has assured Nigerian Agip Oil Company (NOAC) and other stakeholders of its support. The committee also expressed its commitment for the commencement of the 13.5 billion dollar …
Read More Senate assures AGIP of commitment on $13.5bn oil project
IMF projects gradual expansion for Nigeria’s economy
The International Monetary Fund on Tuesday said Nigeria’s economy will expand a little faster than its earlier projection. In the World Economic Outlook report released at the ongoing spring meetings…
Read More IMF projects gradual expansion for Nigeria’s economy
Oil rises above $71 as Libya civil war threatens supply
The international oil benchmark, Brent crude, extended its gains on Monday, rising to a five-month high. Brent, against which Nigeria’s crude oil is priced, hit a high of $70.86 per…
Read More Oil rises above $71 as Libya civil war threatens supply
World Bank forecasts Kenya’s economy to grow by 5.7% in 2019
The World Bank has projected Kenya’s economy to grow by 5.7 per cent in 2019, down from estimated growth of 5.8 per cent in 2018, an official said on Tuesday.…
Read More World Bank forecasts Kenya’s economy to grow by 5.7% in 2019