Money

NAFEX boosted investors’ confidence with $4.3bn turnover in one month

Ihesiulo Grace 3 December 2017 0

The Nigerian Autonomous Foreign Exchange (NAFEX) window, has again boosted already restored investors’ confidence in the Nigerian foreign exchange management and policies, as well as it rebounded economy, with the total transacted turnover of $4.3 billion in one month. In just four days of the

Business

CBN sustains Forex supply, uplifts market with $308.5m

Ihesiulo Grace 30 September 2017 0

Mathew Dadiya, Abuja The Central Bank of Nigeria (CBN) has continued to sustain liquidity in the Foreign Exchange (FOREX) market as it boosted the market on Friday with $308.5m. This move is expected to further ensure liquidity and stability in the FX market. The Daily Times recalls that the apex bank opened the week with […]

Money

Naira remains unchanged at 390/$1, as CBN plans FX injection

Ihesiulo Grace 3 May 2017 0

The Naira, on Tuesday remained unchained at N390 per dollar rate traded on Monday at the parallel market, even as the Central Bank of Nigeria (CBN) has disclosed its plan to commence announce round of forex injections into the invisible segment of the market. The local currency, earlier in the morning of yesterday traded between […]

Business

Our advocacy kept BOI afloat – MAN

Ihesiulo Grace 27 January 2017 0

The Manufacturers Association of Nigeria (MAN) has stated that its advocacy role has kept the country’s Bank of Industry (BOI) afloat. The association’s President, Dr Frank Jacobs Udemba, who stated this yesterday while addressing the press during its annual Media Luncheon, noted that it has successfully advocated for the recapilization of BOI. Udemba said BOI […]