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Category: Economy

Business Economy

Inter-Bank Forex Market gets $462m CBN boost

Iheanyi Ejiofor July 28, 2017 headline

In line with its commitment to sustain and deepen flexibility in the foreign exchange market to further enhance foreign exchange flow in the economy, the Central Bank of Nigeria (CBN)…

Read More Inter-Bank Forex Market gets $462m CBN boost
Economy Maritime

Aniebonam cautions freight forwarders not to abuse CGC no-check point order

Iheanyi Ejiofor July 28, 2017

Founder of National Association of Government Approved Forwarders (NAGAFF), Dr Boniface Aniebonam, has warned port users, Customs Agents and Freight Forwarders not to misinterpret the recent directive of the Comptroller…

Read More Aniebonam cautions freight forwarders not to abuse CGC no-check point order
Economy Maritime

19 banks join Customs E-auction platform

Iheanyi Ejiofor July 28, 2017

After the initial refusal of commercial banks to embrace the Customs e-auction platform which had caused hiccups and confusion in the exercise, nineteen of them have now linked up with…

Read More 19 banks join Customs E-auction platform
Business Economy

Dangote’s net worth rises to $16.2bn as Forbes releases new list of Billonaires

Iheanyi Ejiofor July 28, 2017 headline

Arica’s richest man and President, Dangote Group, Alhaji Aliko Dangote, on Thursday saw his net worth increase by $162m to $16.2bn on the day Jeff Bezos, Founder of Amazon, briefly dethroned…

Read More Dangote’s net worth rises to $16.2bn as Forbes releases new list of Billonaires
Business Economy

NNPC halts oil search in the Chad basin after Boko Haram attack

Iheanyi Ejiofor July 28, 2017 headline

The federal government on Thursday announced that it will halt oil exploration in the Chad basin for now following Tuesday’s devastating attack by Boko Haram insurgents on oil explorer’s that…

Read More NNPC halts oil search in the Chad basin after Boko Haram attack

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