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Category: Economy

Business Economy

CBN injects $210m into Forex market

Iheanyi Ejiofor January 29, 2018 headline

…Wholesale segment gets $100m; …SMEs receive $55m boost; …BTA, others get $55m The Central Bank of Nigeria (CBN) on Monday, January 29, 2018, injected another sum of $210 million into…

Read More CBN injects $210m into Forex market
Business Economy

CBN releases $304.4 to Retail SMIs

Iheanyi Ejiofor January 27, 2018 headline

The Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) of the inter-bank Foreign Exchange Market to the tune of $304,400,000.00. Figures obtained from…

Read More CBN releases $304.4 to Retail SMIs
Business Economy

End fuel queues in seven days, Senate directs NNPC

Iheanyi Ejiofor January 26, 2018 headline

Chidi Samuel || The Senate has given the Nigerian National Petroleum Corporation (NNPC) seven day to bring to an end the lingering fuel crisis in the country. The Senate gave…

Read More End fuel queues in seven days, Senate directs NNPC
Business Economy

Oil prices rise to $70 on strong economy amid OPEC cuts

Iheanyi Ejiofor January 24, 2018 headline

Oil prices were firm on Wednesday, receiving ongoing support from healthy economic growth as well as from supply restrictions led by a group of producers around the Organisation of the…

Read More Oil prices rise to $70 on strong economy amid OPEC cuts
Business Economy

Emir Sanusi settles Oando, Mangal shareholding dispute

Iheanyi Ejiofor January 23, 2018 headline

Oando Plc on Monday said it has signed a peace accord with one of the aggrieved shareholders, Alhaji Dahiru Mangal, who earlier petitioned the Securities and Exchange Commission (SEC). Mr.…

Read More Emir Sanusi settles Oando, Mangal shareholding dispute

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