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Forex stability: CBN sells $122.671m to 46 authorised dealers

By Chioma Obinagwam   Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has sold the sum of US$122,671,000.00 (One Hundred and Twenty-Two...

BusinessNews

GSK exit may trigger exodus of more companies as pundit calls for swift intervention on naira depreciation

By Chioma Obinagwam A sustainability expert and consultant on business strategy, Mr. Marcel Okeke has said that the depreciation of the Naira has...

BusinessNews

Why Nigeria’s Central Bank removed restrictions on domiciliary accounts

Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has explained reasons for the removal of limits on domiciliary accounts, allowing account holders...

BusinessNews

Analysts react to latest MPR hike by CBN

…says hike in subsequent MPC meeting not unlikely Chioma Obinagwam Analysts at Cordros Research, the research arm of Cordros Capital, have reacted to...

BusinessNews

CBN releases operating guidelines for its R200 policy

The Central Bank of Nigeria (CBN), has released guidelines for the operationalisation of its R200 policy. The News Agency of Nigeria (NAN) recalls...

BusinessNews

Why creating environment to attract Forex is critical

The immediate past Director General (DG) of the Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf has called on the Nigerian...

BusinessNews

Nigeria devalues currency as it adopts flexible rate

Government to end using fixed rate for official transactions   New policy set to lift Nigeria’s revenue from crude receipts Nigeria adopted a...

BusinessForeign NewsNewsUncategorized

CBN refutes story on Forex arbitrage

…Forex exchange rates geared towards convergence not arbitrage By Chioma Obinagwam The Central Bank of Nigeria (CBN), Nigeria’s apex bank has dismissed the...

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Again Ikeja Electric customers experience frustration in recharging energy tokens

By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been thrown into darkness because they cannot buy tokens and some of...

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