Forex: CBN injects $303m, CNY46.58m into retail SMIS

By Nasir Kura The Central Bank of Nigeria (CBN) on Friday, September 7, 2018, injected the sum $303.91 million into the interbank retail Secondary Market Intervention Sales. This is in

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Nigeria, China seal $328m deal on NICTIB II as President Buhari seeks support for Mambila project

By Ahmed Idris President Muhammadu Buhari on Wednesday in Beijing won the crucial support of the Chinese President, Xi Jinping, for the country’s aspiration to build the 3050 Megawatts Mambila

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Investments in Nigeria yield high profits, Buhari tells Chinese investors

By Ahmed Idris President Muhammadu Buhari on Wednesday assured existing and prospective Chinese investors of high-level support for their investment plans in Nigeria. In separate meetings with prospective investors, the

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CBN gives forex market $210m boost

By Nasir Kura The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market. The CBN,

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FOCAC: Nigeria benefited $5bn in projects – Buhari

By Ahmed Idris Nigeria’s partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of vital infrastructure projects across the country, valued at over $5

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Dangote now the most valuable brand in Nigeria

By Nasir Kura Nigeria’s Dangote has emerged the most valuable brand among the top 50 brands in Nigeria for 2018 which were unveiled at the weekend in Lagos. This is

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Buhari appoints new MD, directors for minting, printing company

By Ahmed Idris President Muhammadu Buhari has approved the appointment of Abbas Masanawa as the new Managing Director of the Nigeria Security Printing and Minting Company (NSPMC). The President also

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Nigeria, Germany sign agreements on agriculture, commerce

By Ahmed Idris Nigeria and Germany on Friday signed agreements on agriculture and commerce as part of activities to mark the visit of German Chancellor, Angela Merkel, to Nigeria. The

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Buhari attends China, Africa cooperation meeting, to discuss infrastructure with President Jinping

By Ahmed Idris President Muhammadu Buhari would on Friday depart for China to participate in the 7th Summit of the Forum on China-Africa Cooperation (FOCAC) scheduled to hold from September

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CBN slams heavy sanctions on 4 banks, writes MTN to refund $8 billion

By Nasir Kura  The Central Bank of Nigeria (CBN) said on Wednesday thats it has imposed heavy sanctions totaling N5.87 billion on four banks under its regulatory purview and asked

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