Business News

Farmers, exporters bemoan rejection of farm produce at international market

Ihesiulo Grace 2 May 2021 0

NNEKA NWOGWUGWU, ABUJA Farmers and exporters have blamed poor capacity of production companies as one of the challenges of exporting Nigeria’s agriculture products to other countries. The farmers and exporters in separate interviews with The Sunday Times, however, explained possible

Business

Delta targets 3000 exporters to boost state’s ailing economy

Ihesiulo Grace 26 March 2020 0

Determined to revamp the state’s ailing economy, Delta state government says it has taken steps to as part of its strategies to shop for 3,000 exporters as a major boost Executive Assistant to the state Governor on Export Initiative/ UNIDO Centre, Mrs Shimite Bello who Confirmed this to Journalists in Asaba on Wednesday, said that […]

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Forex investors trade N1.13trn in 2 weeks

Ihesiulo Grace 10 September 2018 0

…5 banks rake N362bn from investments in 6 months …CBN injects $ 615m, CNY46.58m in 1 week, reserves now $45.468bn Investors and Exporters (I&E) FX window between Monday, August 27 and Friday, September 7, 2018, recorded total transactions turnover of N1.129 trillion ($3.138 billion), findings by The Daily Times revealed. This is just as five […]

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Forex transactions hit N15.32tr in 3 months

Ihesiulo Grace 16 April 2018 0

The total transactions value traded in the Foreign Exchange (Forex) market between January and March, 2018, settled at a whopping sum of N15.32 trillion, Investigations by The Daily Times revealed. The forex market, represents a platform in which participants are able to buy, sell, exchange and speculate on currencies, and is made up of banks, […]

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Naira strengthens at Investors window amid weekly forex injection

Ihesiulo Grace 9 April 2018 0

The Nigerian currency, Naira, at the end of trading activities at the Investors & Exporters Foreign exchange Window (I&E), last week, appreciated against the US Dollar by 0.05 per cent to close at N360.0, amid weekly injections by the Central Bank of Nigeria (CBN). The apex bank during the week under review lifted the Foreign […]

Money

Naira strengthens as investors lifted FX market with $10bn

Ihesiulo Grace 5 March 2018 0

The Naira, at the close of trading week strengthened against the US Dollar at the Central Bank of Nigeria (CBN) spot market, Investors & Exporters Foreign Exchange (I&E) FX window and the parallel segment of the forex market, findings by The Daily Times findings has showed. In the first two months of this year, the […]

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We must be exporters of food ―Buhari

Ihesiulo Grace 30 December 2017 0

President Muhammadu Buhari has said that the country’s huge rice import bill had dropped significantly by more than 90 percent but added that it is good enough as he believes that the country should be a net exporter. Receiving members of the All Progressives Congress (APC) from Kebbi State in the Presidential Villa, Abuja, on […]

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Adeosun urges importers, exporters to adhere to best practices

Ihesiulo Grace 30 November 2017 0

Says cutting-edge tech underway for 24hrs cargo clearance The Minister of Finance, Mrs Kemi Adeosun has urged importers and exporters in Nigeria to take advantage of the enabling business environment being created by the present government to engage in formal trade and expand the volume of export without flouting the best practices. Adeosun said that […]