Economy

Banks to pay cash over-the-counter to desiring foreign exchange customers -CBN

The Central Bank of Nigeria on Monday directed all banks to pay cash over-the-counter to desiring foreign exchange customers. The directive, according to the Acting Director, Corporate Communications Department, CBN, … Continue reading

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58 Nigerian companies among the fastest growing private businesses in Africa

The London Stock Exchange Group (LSEG) on Friday launched a report that listed 58 Nigerian companies among the fastest growing private businesses in Africa. The report, published on the LSEG … Continue reading

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Youth to form consortia to set up 1000 barrels per day modular refineries- NNPC

The group managing director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has thrown some light on the modular refineries the Federal Government is planning for the Niger … Continue reading

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CBN slashes the rate at which it sells dollars to Bureaux De Change to N360

The Central Bank of Nigeria (CBN), has slashed the rate at which it sells dollars to Bureaux De Change (BDCs) in Nigeria to N360 and directed the BDCs to sell … Continue reading

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DFID to help reputable companies involved in solar energy in Nigeria

  Solar Nigeria Programme (SN), a programme funded by the Department for International Development (DFID) says it will provide additional grant of 13 million pounds to help reputable companies involved … Continue reading

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Reps summon Emefiele, Kachikwu over alleged forex diversion

The House of Representatives on Thursday summoned the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, and the Minister of State for Petroleum Resources, Dr Ibe Kachikwu to appear … Continue reading

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Reps to investigate activities at the Kaduna International Airport

The House of Representatives on Thursday mandated its Committee on Aviation to investigate activities at the Kaduna International Airport to ensure that international safety standard were met. The house also … Continue reading

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China temporarily halts imports from Brazil

  Chinese concerns about the quality of Brazilian meat led to the recent decision to temporarily halt import from the country, China’s Commerce Ministry said on Thursday. “As the largest … Continue reading

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Russia maintained its status as the world’s largest oil producer

For the second month in a row, Russia has maintained its status as the world’s largest oil producer, ousting Saudi Arabia, official figures  in December 2016 and January 2017 have … Continue reading

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Singapore is the most expensive city in the world

  Singapore retains its spot as the most expensive city in the world in the latest rankings carried out by Worldwide Cost of Living Report 2017, The Economist Intelligence Unit. … Continue reading

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