Africa’s richest man Aliko Dangote made a staggering $1.1bn in the last six days following the extraordinary rally of the Nigerian Stock Market. Available information shows that NSE has gained…
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Category: Economy
CBN injects $190m into Forex market, opens up market
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
Tin Can Customs realises N106bn revenue in five months
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…
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NPA MD accuses government agencies of sabotaging 24-hour port operations.
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. CBN to Further Flood Forex Market….As Rates Converge
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