Business

CBN Injects Fresh $210 Million into Forex Market

March 13, 2018 Joshua Samuel

The Central Bank of Nigeria (CBN) has disclosed that it has injected another $210 million into the foreign exchange market. The Acting Director, Corporate Communications Department, Mr Isaac Okoroafor, in a statement in Abuja, explained that the move is to guarantee the availability of foreign exchange for capital exit. In {Read More..}

Business

Quote of the Day

February 22, 2018 Joshua Samuel

“A good businessman must have nose for business the same way a journalist has nose for news. In places where people see a lot of obstacles, I see a lot of opportunities. A good businessman sees where others don’t see.” – Orji Uzor Kalu

Business

Naira Accepted as Legal Tender in Britain

February 12, 2018 Joshua Samuel

According to statement by the UK finance agency, the British government has agreed to accept the naira for trade payment in the country. According to reports, the development would help UK exporters compete for major foreign contracts and also allow foreign traders access long term finance in their local currencies {Read More..}

Business

BoI Pledges Commitment to SMEs

January 31, 2018 Joshua Samuel

The Bank of Industry (BoI)  has said it is committed to ensuring that more industries are created while existing ones are supported in order not to go into extinction. The Managing Director of BoI, Mr Olukayode Pitan, stated this at Ibadan when he paid  curtsy call on Governor Abiola Ajimobi. {Read More..}

Business

Bayelsa State Government to Commence Fish Export Soon

January 25, 2018 Joshua Samuel

The Bayelsa State Government has announced that it would soon embark on exportation of fish from its aqua farm. The state’s Commissioner for Agriculture and Natural Resources, Mr Doodei Week, made the disclosure at the inter-ministerial and agency briefing in Yenegoa, the state capital. Mr Week disclosed that one of {Read More..}

Business

Federal Government to Boost the Nigerian Manufacturing Sector

January 24, 2018 Joshua Samuel

The Vice President, Prof Yemi Osinbajo, has stated that the Federal Government is currently working with the private sector to boost the Nigerian manufacturing sector in partnership with international partners. Prof Osinbajo made the disclosure at the ongoing World Economic Forum in Dovas, Switzerland, while meeting with the delegation of a {Read More..}

Business

CBN Maps out N220 Billion for SME’s

January 22, 2018 Joshua Samuel

The Central Bank of Nigeria (CBN) has announced that it would focus its attention more on the development of small and medium scale industries. The Director Governance Office of CBN, Dr Anthony Ifechukwu, made the disclosure in Abuja at an empowerment seminar organised by a non-governmental organisation (NGO). Dr Ifechukwu {Read More..}