Category: Economy

CONCERNS AS $4.3B NLNG TRAIN 7 SUFFERS 8 MONTHS DELAY FROM TAKE OFF

           Mr Tony Attah, MD of NLNG By Paschal Emeka There is heightening economic concern as Train 7 of the Nigeria Liquefied Natural Gas (NLNG) suffers eight months delay from take-off after the signing of the front end engineering design. But  NLNG says the projections are still on track The NLNG Train 7 expansion project […]

CBN Acquires 21percent Share of NSPM

By Ochai Sunday. Emefiele, CBN Governor   The Central Bank of Nigeria, CBN has acuired 21 per cent shares of Federal Government in the Nigerian Security Printing and Minting (NSPM) in a deal expected to contribute over N17 billion to the national treasury. The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex […]

CBN Injects $210m to Forex Market

CBN Governor, Emefiele In its desire to ensure the availability of forex and also meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) has injected another sum of $210million into the inter-bank Foreign Exchange Market.  Figures obtained from the bank on Monday, indicated that the apex bank offered $100million […]

CBN: Public Enlightenment is it

Central Bank of Nigeria (CBN) continued its sensitization program across the nation to the banking public based on their rights as customers of financial institution, and its various intervention policies targeted at stimulating economic growth and wellbeing of the Nigerian citizen. This time it was the turn of Lagos banking customers. By Paschal Emeka This is […]