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Category: Economy

Business Economy headline

NNPC debunks rumour on N36b royalty to PH refinery hosts

Iheanyi Ejiofor June 3, 2018 headline

Emeka Ejere| Nigerian National Petroleum Corporation (NNPC) has dismissed rumours of an approved N36billion compensation said to be due to Alesa-Eleme community in Rivers State as royalty for playing host…

Read More NNPC debunks rumour on N36b royalty to PH refinery hosts
Business Economy headline

Forex: CBN sells $331.41m at SMIS

Iheanyi Ejiofor June 1, 2018 headline

In continuation of its push to guarantee foreign exchange liquidity, the Central Bank of Nigeria (CBN) on Friday, June 1, 2018, sold a total of $331.41million to players in different…

Read More Forex: CBN sells $331.41m at SMIS
Business Economy headline

Some Nigerian banks on the verge of collapse, says EFCC Boss Magu

Iheanyi Ejiofor June 1, 2018 headline

Chidi Samuel Ibrahim Magu, the acting chairman of the Economic and Financial Crimes Commission, Ibrahim Magu, has said that some Nigerian banks are on the verge of collapse due to…

Read More Some Nigerian banks on the verge of collapse, says EFCC Boss Magu
Business Economy headline

Adelabu to disengage from CBN as deputy governor

Iheanyi Ejiofor May 31, 2018 headline

President Muhammadu Buhari has approved the disengagement of the Deputy Governor in charge of Operations at the Central Bank of Nigeria (CBN), Mr. Adebayo Adelabu, with effect from July 15,…

Read More Adelabu to disengage from CBN as deputy governor
Business Economy headline

CBN Sustains FOREX Market Intervention with $210m

Iheanyi Ejiofor May 30, 2018 headline

The Central Bank of Nigeria (CBN), on Wednesday, May 30, 2018, again sustained its supply in the inter-bank Foreign Exchange market with the sum of $210 million. The Bank offered the…

Read More CBN Sustains FOREX Market Intervention with $210m

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