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Lagos, Nigeria
Sunday, April 22, 2018

Nigeria sells treasuries to keep naira liquidity tight

Nigeria’s central bank sold N98 billion of treasury securities on Thursday to keep liquidity tight to support the currency, a day after it auctioned...

MMM in Nigeria hits restart button

Popular ponzi scheme MMM has officially announced a “RESTART” of the system, leaving many Nigerian participants wailing with thousands and millions of Naira trapped...

CBN injects another $210 million into forex market

The Central Bank of Nigeria (CBN) says it has again injected $210 million into the foreign exchange (forex) market in continuation of its intervention...

Emefiele predicts $40bn external reserves, stronger naira in 2018

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says the nation’s external reserves will rise to $40 billion in 2018 to give...

CBN pumps $9.96bn into FX market in six months

The Central Bank of Nigeria (CBN) has injected $9.964 billion into the interbank segment of the foreign exchange (forex) market since it commenced its...

US buys $2.7bn Nigerian crude in six months

The import of Nigeria’s crude oil by the United States increased by 32.1 per cent to 52.36 million barrels in the first half of...

Boeing to sell planes worth $37 billion to China

Boeing Co (BA.N) said it signed an agreement on Thursday to sell 300 planes to China Aviation Supplies Holding Company worth $37 billion at...

Naira maintains N361 per dollar at parallel market

The naira on Wednesday exchanged at N361.50 to the dollar at the parallel market, maintaining same rate for the past one-week, the News Agency...

Mercedes-Benz to electrify entire car line-up by 2022

Mercedes-Benz is the latest automaker to embrace electrification, announcing that it will be electrifying its entire vehicle lineup by 2022. Car makers are going to...

Nigeria’s mobile phone subscription hits 147m

The Nigerian Communications Commission (NCC) said that the country’s phone subscriptions have reached 147 million as at January 2018. The Executive Vice Chairman, NCC, Professor...

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Nigeria draw Argentina in World Cup group for fifth time

Nigeria's Super Eagles have once again been placed in same FIFA World Cup group with former world champions Argentina after four previous meetings at...

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