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Category: Economy

Economy

CBN set to Pump more Dollars into forex market

Iheanyi Ejiofor March 5, 2017 headline

Forex traders have been set on panic button as news filtered that the Central Bank of Nigeria is set further pump more dollars into the foreign exchange market in continuation…

Read More CBN set to Pump more Dollars into forex market
Economy

Gbadamosi has nothing to do with naira appreciation – CBN

Iheanyi Ejiofor March 2, 2017 headline

Chidi Samuel || Nigerians have been urged to resist any attempt by vested interests to subvert the ongoing efforts of the Federal government and the Central Bank of Nigeria to…

Read More Gbadamosi has nothing to do with naira appreciation – CBN
Economy

Nigerians lost N18bn to MMM-NDIC

Iheanyi Ejiofor March 2, 2017 headline

Ebun Francis || About Three million Nigerians invested N18 billion in the Mavrodi Mondial Movement (MMM) Ponzi scheme, according to figures released by the Nigerian Deposit Insurance Corporation in Kaduna…

Read More Nigerians lost N18bn to MMM-NDIC
Economy

Dangote ends era of cement importation, exports 400,000 metric tons

Iheanyi Ejiofor March 1, 2017 headline

Dangote cement Plc, the country’s leading cement manufacturer has made history by becoming the first company to draw the curtain on Nigeria’s dependence on cement importation as it exported 0.4 million…

Read More Dangote ends era of cement importation, exports 400,000 metric tons
Economy

Economy showing signs of recovery – NBS

Iheanyi Ejiofor February 28, 2017 headline

Agency report || Indications have emerged that the Nigerian economy is on its way out of recession considering 2016 overall and last quarter Gross Domestic Product (GNP) reports. A review…

Read More Economy showing signs of recovery – NBS

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