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Category: Economy

Business Economy

Naira Remains Strong as CBN Pumps in $195m

Iheanyi Ejiofor November 13, 2017 headline

The Central Bank of Nigeria has continued its sustenance of FOREX liquidity by injecting another $195 million into the Inter-bank Foreign Exchange Market, even as the Naira maintains its strength.…

Read More Naira Remains Strong as CBN Pumps in $195m
Business Economy

We Invested N700m on IT Infrastructure, Human Capital and Civil Works, Not Website

Iheanyi Ejiofor November 12, 2017 headline

Ebun Francis || The ministry of mines and power on Sunday denied claims that it spent N700m to build a website. Abbas Mohammed, the permanent secretary of the ministry who…

Read More We Invested N700m on IT Infrastructure, Human Capital and Civil Works, Not Website
Business Economy headline

Emefiele lists gains of FX restriction on 41 Items

Iheanyi Ejiofor November 11, 2017 headline

…outlines projections for 2018 The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele says the dogged implementation of the Bank’s policy, which restricts importers of certain items access to…

Read More Emefiele lists gains of FX restriction on 41 Items
Business Economy

CBN expands Anchor Borrowers’ Programme

Iheanyi Ejiofor November 8, 2017 headline

… Targets additional 2m tonnes from 300,000 Rice Farmers The Central Bank of Nigeria (CBN) has formed strategic partnerships with agricultural commodity associations in the country in its effort to…

Read More CBN expands Anchor Borrowers’ Programme
Business Economy

CBN boosts Forex supply with $195m

Iheanyi Ejiofor November 7, 2017 headline

The Central Bank of Nigeria has intervened in the inter-bank  Foreign Exchange Market with the injection of another $195 million. Figures released by the Bank on Tuesday, November 7, 2017,…

Read More CBN boosts Forex supply with $195m

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