CBN’s Sectoral Forex Strategy Stabilizes Naira

CBN Governor, Godwin Emefiele By Etuka Sunday Pragmatic initiatives taken by the central Bank of Nigeria (CBN) to commence sectoral foreign exchange interventions may have started yielding positive results by way of stabilizing the exchange of the Naira against the major currencies and greenback in particular. The effect of this initiative was easily More...

by Peoples Daily | Published 9 hours ago
By Peoples Daily On Monday, April 24th, 2017
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…creates FX window for Investors, Exporters

By Etuka Sunday Two weeks after opening a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items, the Central Bank of Nigeria (CBN) on Friday, More...

By Peoples Daily On Monday, April 24th, 2017
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Kaduna Electric holds AGM, promises improved services

By Etuka Sunday Kaduna Electric has held its maiden Annual General Meeting (AGM) with a promise to double its efforts in delivering efficient power to its customers despite the harsh economic challenges in the country. The More...

By Peoples Daily On Monday, April 24th, 2017
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AMCON yet to clear DSC staff salary arrears, benefits

From Ngozi Onyeakusi, Lagos Workers of Delta Steel Company (DSC), Aladja, Delta State have disclosed that the Assets Management Corporation of Nigeria (AMCON) is yet to settle their salary arrears and benefits. This More...

By Peoples Daily On Monday, April 24th, 2017
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FG sets up committee to resolve Pension liabilities

From Ngozi Onyeakusi, Lagos President Muhammadu Buhari has set up an inter-ministerial committee saddled with reconciliation of outstanding pension liabilities of civil servants. A statement by the Media Adviser More...

By Peoples Daily On Monday, April 24th, 2017
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Lagos terminates contract for 48 rooms hostel project

From Suleiman Idris, Lagos The Lagos State Government has terminated the contract for the construction of a 48-bedroom hotel project at the VIP chalets in Badagry, which was awarded in 2013 to Messrs. Anatolia International More...

By Peoples Daily On Friday, April 21st, 2017
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CBN intervention in Forex Market pays off, dollar now N376

Central Bank of Nigeria (CBN) …anticipates further crash By Etuka Sunday The Naira firmed up at the Bureau de Change (BDCs) segment yesterday, trading at between N376 and N378 to the United States Dollar in More...

By Peoples Daily On Friday, April 21st, 2017
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Diversification: NNPC inaugurates Boards for HMO, Medical Services

By Etuka Sunday The Nigerian National Petroleum Corporation (NNPC) has raised the stake in its commitment to diversify into the health sector in line with the Corporation’s stand to stay afloat as a commercially More...

By Peoples Daily On Friday, April 21st, 2017
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CBN intervenes with $100m in FOREX Market

Central Bank of Nigeria (CBN) …Banks only able to pick up $68.51m …To sell $20,000 to BDCs on Thursday By Etuka Sunday Following its injection of $280 million into the Foreign Exchange Market on Tuesday, April More...

By Peoples Daily On Friday, April 21st, 2017
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Air Peace aircraft to undergo repairs before returning to sky

From Suleiman Idris, Lagos The Nigerian Civil Aviation Authority (NCAA) yesterday confirmed an incident involving two aircraft belonging to Air Peace Airline that were involved in a collision at the General Aviation More...