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Expert urges central bank to sustain ban on 40 items to promote local production,...

An Economist, Mr Rasheed Yusuf, has urged CBN to sustain its ban on 40 items from accessing foreign exchange at the official window to promote their local production and generate more jobs.

Central bank: Economic activities expand faster in March

For the first time in 2019, economic activities grew faster as the manufacturing and non-manufacturing sectors continued to expand in the month of March.

Central bank bans use of forex for fertiliser importation

The Central Bank of Nigeria (CBN) on Monday, added fertiliser to the list of items classified as “Not Valid for Foreign Exchange.”

Central bank may add more to the 41 items not eligible for forex

The Central Bank of Nigeria (CBN) may increase the number of items not eligible for forex from 41 items to include many others products being produced in Nigeria.

Fitch affirms Nigeria ‘B+’ rating, negative outlook

Fitch Ratings Thursday affirmed Nigeria’s long-term foreign currency Issuer Default Rating (IDR) at ‘B+’ with a “negative outlook”.

Recent Stories

Henrikh Mkhitaryan has been accused of making a “political statement” in missing the Europa League final, with Azerbaijan’s UK ambassador claiming the Arsenal forward had the necessary assurances to travel to Baku.

Henrikh Mkhitaryan accused of making ‘political statement’ in missing Europa League final with Arsenal

Henrikh Mkhitaryan has been accused of making a “political statement” in missing the Europa League final, with Azerbaijan’s UK ambassador claiming the Arsenal forward had the necessary assurances to travel to Baku.
PRESIDENT MUHAMMADU BUHARI INAUGURATES BOARD MEMBERS OF THE NORTH-EAST DEVELOPMENT COMMISSION AT THE COUNCIL CHAMBER STATE HOUSE. PHOTO; SUNDAY AGHAEZE. MAY 8 2019 3

President Buhari summons Governor Masari over killings in Katsina

President Muhammadu Buhari yesterday summoned Governor Aminu Bello Masari of Katisna State over rising killings by armed bandits in the state.
Nigeria forward Alex Iwobi has admitted that Arsenal were fortunate to score against Huddersfield despite their watertight defence.

Alex Iwobi: I hope Tottenham loses Champions League final to Liverpool

Alex Iwobi is not sticking his neck out for Tottenham Hotspur when they face Liverpool in the final of the UEFA Champions League.

NEMA receives another 195 Nigerians from Libya

The National Emergency Management Agency (NEMA) has received another batch of 195 stranded Nigerians from Libya.
The quantum of investment in the Nigerian economy by Chinese companies has hit $20bn, the President, China Chambers of Commerce in Nigeria, Mr Ye Shuijin, has disclosed.

CCCN: Chinese companies’ investments in Nigeria hit $20 billion

The quantum of investment in the Nigerian economy by Chinese companies has hit $20bn, the President, China Chambers of Commerce in Nigeria, Mr Ye Shuijin, has disclosed.