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Category: Economy

Business Economy

CBN boosts forex supply with $195m

Iheanyi Ejiofor July 17, 2017 headline

The Central Bank of Nigeria (CBN), in continuation of its FOREX supply drive, on Monday, July 17, 2017, intervened in the Inter-bank Foreign Exchange Market to the tune of $195million.…

Read More CBN boosts forex supply with $195m
Business Economy

End smuggling and you can appear before senate in ”Jeans and Tshirt”- Saraki teases Ali

Iheanyi Ejiofor July 17, 2017 headline

Senate President, Bukola Saraki has told the Col Hameed Ali. the Comptroller General of Nigeria Customs Service that the Senate will allow him to appear in Jeans and Trousers before…

Read More End smuggling and you can appear before senate in ”Jeans and Tshirt”- Saraki teases Ali
Economy Maritime

More Nigerians divert vehicle imports to Cotonou port –as Beninoire government slashes duties on transit cargo

Iheanyi Ejiofor July 17, 2017

The government of Benin Republic has further slashed the duties payable on transit goods in a bid to attract more patronage from Nigerian importers. Apparently, the tiny West African neighbouring…

Read More More Nigerians divert vehicle imports to Cotonou port –as Beninoire government slashes duties on transit cargo
Business Economy

Nigerian inflation falls for fifth straight month- Report

Iheanyi Ejiofor July 17, 2017 headline

Nigeria inflation rate fell for the fifth straight month on Monday according to the figures released by the National Board of Statistics (NBS). The board said inflation for the month of…

Read More Nigerian inflation falls for fifth straight month- Report
Business Economy

NNPC produces 5m litres of kerosene daily, meets 60% domestic demand

Iheanyi Ejiofor July 17, 2017

Agency Report  || The Nigerian National Petroleum Corporation, NNPC, says it supplies five million litres of Dual Purpose Kerosene (DPK) consumed in the country. The NNPC disclosed this in Abuja…

Read More NNPC produces 5m litres of kerosene daily, meets 60% domestic demand

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