CBN raises FOREX supply to BDCs…offers $100m for forwards In line with its pledge to sustain liquidity in the foreign exchange market, the Central Bank of Nigeria CBN) will from Monday, April 3, 2017 commence twice weekly FOREX sales to...

Forex: CBN slashes BDC rate to N360 …$100m offer fully subscribed Barely 24 hours after its directive to Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users at not more than N360/$1 for...

Naira Now 380 Dollar, Pound N450 in BlackMarket The values of foreign currencies have continued to diminish against the Naira as the Nigerian currency was traded at N380 to the US Dollar and N450 to the Pound Sterling at the...

Niger Delta : Presidency gives contractors 30 days to return to site or face prosecution The Federal Government has issued a new set of directives in its bid to accelerate the implementation of the Buhari administration’s new vision for the...

FAAC Table: The Sharing of N466bn to FG, States, LGCs in March 2017 The Federation Account Allocation Committee (FAAC) shared a total sum of N466bn at its monthly meeting held in March 2017. In a document obtained by the Economic Confidential,...

    NDLEA Records 34,499 Drug-Related Arrests in 4 years- Report … Secures 7,317 Convictions, Kano is No. 1, Katsina, Plateau follow,  The National Drug Law Enforcement Agency (NDLEA) has in the last four years arrested 34,499 persons in connection with drug related...