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Category: Economy

Business Economy

Forex Market gets another $210m boost from CBN

Iheanyi Ejiofor December 12, 2017 headline

The interbank window of Nigeria’s Foreign Exchange market on Tuesday, December 12, 2017, received yet another boost of $210,000,000.00 from the Central Bank of Nigeria (CBN). According to figures obtained…

Read More Forex Market gets another $210m boost from CBN
Business Economy

Ambode proposes N1.046tr for Lagos

Iheanyi Ejiofor December 12, 2017 headline

Ebun Francis || Lagos State Governor Akinwunmi Ambode on Monday presented N1.046 trillion as 2017 Appropriation Bill to the House of Assembly for consideration. Christened: “Budget of Progress and Development”,…

Read More Ambode proposes N1.046tr for Lagos
Business Economy

Nigerian Breweries appoints new Managing Director

Iheanyi Ejiofor December 11, 2017 headline

Nigerian Breweries Plc has announced the appointment of Jordi Borrut Bel as the company’s Managing Director/CEO. The appointment takes effect on January 22, 2018. Mr. Borrut Bel will succeed Johan…

Read More Nigerian Breweries appoints new Managing Director
Business Economy

CBN revamps N500b Export Stimulation Fund

Iheanyi Ejiofor December 10, 2017 headline

…Repackages P.A.V.E In its bid to diversify the country’s economy away from oil, in line with the Federal Government’s economic plan, the Central Bank of Nigeria (CBN) has announced a…

Read More CBN revamps N500b Export Stimulation Fund
Economy Maritime

Ameachi, shipowners bicker over disbursement of $100billion Cabotage fund

Iheanyi Ejiofor December 10, 2017 headline

Funso Olojo There is now a silent war of attrition between the Minister of Transportation, Rotimi Amaechi and the Indigenous Shipping operators over the continued delay in the disbursement of…

Read More Ameachi, shipowners bicker over disbursement of $100billion Cabotage fund

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