The Economic and Commercial Counsellor at the Embassy of Spain in Nigeria, Mr Pablo Segrelles, yesterday said his country imported products valued at N1.38trillion(4 billion Euros) from Nigeria last yaer.
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The nation’s foreign exchange market recorded $327m worth of transactions on Monday, about six times more than its usual volume, the FMDQ OTC Securities Exchange, told Reuters. This included a
The naira fell to a new low of 414 against the United States dollar on Sunday amid the continued scarcity of foreign exchange in the country, with economic experts predicting
The Central Bank of Nigeria (CBN) has accused commercial banks of compromise in the ways they handle proceeds from international money transfer inflows into the country. A circular to banks
The much expected Dangote Rice is billed to hit the market very soon as the management has commenced the harvest
More Nigerians are expected to ride brand new cars soon – thanks to a loans scheme which is in the
The Central Bank of Nigeria is in the process of stopping issuers of dud cheques (returned cheques) from opening current
The Central Bank of Nigeria on Tuesday wielded the big stick as it barred nine Deposit Money Banks from the
Banks were yesterday hit with allegations of round tripping. Acting Director, Trade & Exchange, W.D. Gotring, in a circular to
Sun International, with 49 percent stake in Federal Palace Hotel, says it is leaving Nigeria, owing to “challenging economic conditions
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