Nigeria spends $100m on sugar importation yearly – CBN

The sum of $100 million is spent by Nigeria on annual importation of white sugar, Mr. Godwin Emefiele, Central Bank of Nigeria, CBN, Governor...

What You Should Know About The Circular, As CBN Lifts Forex Ban On 48...

Central Bank of Nigeria has lifted Ban on toothpick and other 47 items. Nairametrics. In yet another step towards a deregulation of the foreign exchange...

Niger Delta Will Become A Hub of Oil Business If The Modular Refineries Are...

Retired Brigadier-General Paul Tarela Boroh, who is presently the Special Adviser to the President on Niger Delta and Coordinator of the Presidential Amnesty Programme,...

Demand for forex declines, Naira gradually strengthens

The Central Bank of Nigeria, CBN, on Wednesday stated that they were indications that the naira is gradually strengthening against other international currencies as...

Businessman set to build $2bn modular refinery in Edo

About 453.9 hectares of land has been acquired by Mr Charles Ihaza, U.S.-based businessman, for the purpose of establishing a modular refinery in Eghudu,...

Dangote Rolls Out Nigeria-assembled Chinese Trucks

The Lagos-based plant of the Dangote Sinotruck West Africa Limited on Tuesday rolled out its first set of locally assembled Chinese trucks as it...

Diamond bank records loss after tax by 38.34percent

Diamond Bank’s profit after tax dropped to N3.49 billion from N5.66 billion recorded in 2015. These financials are contained in a statement issued by the...

CBN sells fresh $246m, Naira drops

It was recorded last week that naira reversed some of the gains closing at 390 against dollars on Monday. It could be recalled that...

Dangote sells noodle brand to Indomie!

Dufil Prima Foods, makers of Indomie noodles have bought over Dangote noodles from Dangote Group accoring to a statement by Thabo Mabo, group managing director...

Naira rises to N397/$, CBN injects $280m for SMEs, BDCs

$280 million has been supplied into various sectors of the market by the Central Bank of Nigeria, CBN, it also commenced its weekly $20,000...