Forex: CBN Sold $500m, Speculators Set To Count Losses
Central Bank of Nigeria CBN sold about $500 million to foreign investors on the spot and forward market to gauge the level of foreign exchange demand in the market.
The CBN offered a 150 day forward on...
Aviation Workers Demand Details Of $500m Chinese Terminal
A coalition of aviation workers unions have requested for the details of a $500 million worth of Chinese loan deal to build four terminals, especially the add-on plan to concession the airports.
The unions, apparently miffed by the...
Experts Support FG, W/Bank On DisCos’ Audit Before $500m Loan
Experts in the Nigerian Electricity Supply Industry (NESI) have backed the plan of the federal government and the World Bank to run a forensic audit on power Distribution Companies (DisCos) before they could access a...
COVID-19: Insurers Lose $500m Aviation Business
Insurance firms have lost $500 million or N1.88 billion in aviation business, The Nation has learnt.
This loss is a fallout of the closure of the airspace to commercial flights by the Federal Government following the outbreak of Covid-19 pandemic.
Former...
Nigeria, Others Lose $500m Daily To Oil Price Crash
With the steep fall in crude oil prices this week, Nigeria and other members of the Organisation of Petroleum Exporting Countries are bleeding over $500m a day in lost revenue, according to Reuters’ calculations.
Saudi Arabia launched...
Afreximbank Shareholders Invest $500m In New Equity
The African Export-Import Bank (Afreximbank) has announced that existing shareholders have invested $500 in new equity to strengthen it.
A statement released by the bank yesterday indicated that the shareholders, including the Federal Republic of Nigeria and the Arab...
