Business

FG seeks to diversify stock market instruments

The Minister of Finance, Mrs Zainab Ahmed, has said the Federal Government is seeking to diversify instruments of the stock market through the Economic Recovery and Growth Plan. Ahmed, while speaking at the maiden Awards Night of the Securities and Exchange Commission, said the Federal Government was committed to building a vibrant capital market that […]

Business

CBN injects $268.60m, CNY39.09m in retail SMIS

The Central Bank of Nigeria, on Friday, injected $268.60m and CNY39.09m in the Retail Secondary Market Intervention Sales of the foreign exchange market. A statement from the CBN said that the figures of the sales consummated on Friday, revealing that the sums were injected to meet requests of customers in the agricultural, airlines, petroleum products […]

Business

NPA MD Receives Committee on Work Plan of Action on Haulage Operations

By Foster Obi The Managing Director of the Nigerian Ports Authority (NPA), yesterday played host to the Inter-Ministerial Sub Committee for the Implementation of a Work Plan of Action on Haulage Operations in Nigeria in the Organisation’s Corporate Headquarters in Lagos. Picture shows,  the representative of the Managing Director, Nigerian Ports Authority, the Executive Director, […]

Business

Nigeria: CBN Rules Out Terminating Foreign Exchange Restriction Policy

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, yesterday vowed to sustain the policy on foreign exchange prohibition to raise domestic capacity, protect growing companies and create employment. Speaking at the BusinessDay Post-Election Economic Agenda Conference in Lagos, the top banker reiterated the need to diversify the revenue base of the Federal Government […]