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Category: Economy

Business Economy

CBN injects $190m into Forex market, opens up market

Iheanyi Ejiofor June 5, 2017 headline

Relentless in its push to achieve convergence of rates in the interbank and Bureau de Change segments of the foreign exchange market, the Central Bank of Nigeria (CBN) on Monday,…

Read More CBN injects $190m into Forex market, opens up market
Business Economy

Tin Can Customs realises N106bn revenue in five months

Iheanyi Ejiofor June 5, 2017 headline

The Tin Can Island Command of the Nigeria Customs Service has collected a total of N106billion between January and May 2017, despite the economic recession in the country that has…

Read More Tin Can Customs realises N106bn revenue in five months
Business Economy News

NPA MD accuses government agencies of sabotaging 24-hour port operations.

Iheanyi Ejiofor June 5, 2017 headline

The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman, has identified the attitude of government agencies operating at the nation’s seaports as a major drawback to the implementation…

Read More NPA MD accuses government agencies of sabotaging 24-hour port operations.
Economy

CBN to Further Flood Forex Market….As Rates Converge

Iheanyi Ejiofor June 5, 2017 headline

In spite of the naira’s strong showing in the foreign exchange market last week, which saw the currency gain substantial ground against the United States dollar, selling at N363/$1 compared…

Read More CBN to Further Flood Forex Market….As Rates Converge
Economy

No plans to increase fuel price, says senate

Iheanyi Ejiofor June 3, 2017

The Senate on Saturday said there is no plan whatsoever to increase the pump price of fuel. The clarification became necessary following speculations during the week that Senate was debating modalities for an…

Read More No plans to increase fuel price, says senate

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