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Nigeria
Saturday, May 27, 2017

It’s N500/$ at black market despite rising reserves

The local currency’s value fell to N500/$ yesterday, defying the anticipated support of the resurging foreign exchange (forex) reserves’ volume, now at $27.9 billion. In...

Trumps Immigration Ban Takes Toll on Global Equities

Asian and European stock markets sank on Monday with dealers spooked by uncertainty over Donald Trump’s divisive immigration ban, dealers said. The newly-installed US president...
central bank of nigeria

‎CBN sold $1.1billion to 4,328 firms in nov 2016

THE Central Bank of Nigeria (CBN), yesterday, said that it sold $1.1billion to 4,328 firms in November with Crown Flour Mills and five fuel...

NSE Boss predicts Recovery from Recession in 2017

The CEO of the Nigeria Stock Exchange (NSE) Mr Oscar Onyema, has predicted that Nigeria’s economy would recover from recession in 2017...

CBN tells forex traders it won’t devalue Naira

Nigeria's central bank has told Bureau de Change operators it does not intend to devalue the naira and will support it at current levels,...

CBN sell $1bn forex to clear backlog of demand

The Central Bank of Nigeria, CBN, has sold foreign exchange, forex, worth N1 billion on the forward market to clear a backlog of dollar...

Naira scarcity: CBN fails to print small denominations in 1 year

The Central Bank of Nigeria (CBN) has not printed the small naira denominations for about a year, causing the scarcity of the notes in...

Gov. Ahmed presents “Budget of Introspection and Sustenance” to Kwara Assembly

Kwara State Governor, Dr Abdulfatah Ahmed, has presented a 2017 budget estimate of N135, 064, 529, 461 to the State House of Assembly for...

Nigeria’s external reserves now $25.4bn

By Francis Etuko     The nation’s foreign exchange reserves have risen further to $25.4bn, according to the latest data obtained from the website of the Central...

Buhari eager to reflate economy – Amaechi

Nigeria’s Minister of Transportation, Mr Rotimi Amaechi, has declared that President Muhammadu Buhari is eager to end the ongoing economic crisis in the nation. According...
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