Although the Central Bank of Nigeria has been consistent in its supply of dollars at the foreign exchange market at both the interbank and bureau de change end of the…
Business & Economy
IMF sees slightly better global growth of 3.5% in 2017
The global economic recovery is improving and picking up steam, meaning growth should be slightly improved this year, the International Monetary Fund said in a report released Tuesday, but warned…
CBN introduces ‘FORM X’ for SMES to ease forex documentation
The Central Bank of Nigeria, CBN, has introduced the use of FORM X for SMEs that require basic documentation for foreign exchange. The apex bank spokesman, Mr Isaac Okorafor,confirming the…
U.S. retail sales, inflation data highlight weak first quarter growth
U.S. retail sales fell for a second straight month in March and consumer prices dropped for the first time in just over a year, supporting views that the economy lost…
Financial experts’ predict further drop in inflation rate
Some financial experts have expressed optimism that the nation’s inflation figure will continue to slow down with enhanced stability in the foreign exchange market. They spoke in an interview with…
Oil deal bearing fruit, but US pumping more – OPEC
World oil production fell in March thanks to a deal to cut output, OPEC said Wednesday, but the cartel’s efforts to fight a global glut are threatened by American firms…