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CBN injects $341.75m, ¥14.7m into retail forex market
Central Bank of Nigeria (CBN), has intervened in the Retail Secondary Market Intervention Sales (SMIS), to the tune of $341.75 million in addition to ¥14.7 million in the spot and short-tenored forwards segment of the inter-bank foreign…
NAQS laments loss of $80m on hibiscus export within two years
Nigeria lost 80 million dollars, an equivalent of 28.8 billion naira in the last two farming seasons due to the lull in the export of Hibiscus flower (zobo), the Director-General of Nigeria Agricultural Quarantine Service (NAQS), Dr Vincent…
Nigeria’s daily crude output steadies at 1.6 to 1.7mbpd
Nigeria's daily crude oil output steadies at between 1.6 million to 1.7 million barrels per day (bpd) of crude oil, in compliance to output cuts by members of Organization of Petroleum Exporting Countries plus (OPEC+).The…
Visa to acquire 20 per cent stake in Interswitch
US-based multinational payments group, Visa is planning to pay $200million for a 20 per cent stake in Interswitch ahead of a potential London Initial Public Offer (IPO) next year.Sky News reported that the deal will see the African…
Veterinary doctors urged to proffer solutions to challenges in livestock industry
The Veterinary Council of Nigeria (VCN) has charged its members to use their scientific knowledge and skills to proffer solutions to the challenges facing the livestock industry in Nigeria.This is contained in a communique issued at the…
Seed council begins digital labelling to detect fake seeds
To help farmers detect fake and adulterated seeds for maximum yield and national food sufficiency, National Agricultural Seeds Council (NASC) said it has introduced digital coding and labelling of certified seeds (SeedCodex) to help farmers…
Metro Africa Express partners LCCI to ease movement at Lagos Int’l Trade Fair
Metro Africa Express, otherwise known as Max.ng, has partnered Lagos Chamber of Commerce and Industry (LCCI) to create value for participants at the 2019 Lagos International Trade Fair as the official Okada ride partner.This was…
Oyetola visits NSE, woos investors to Osun
Osun State Governor, Adegboyega Oyetola, on Thursday, expressed the administration’s readiness to continue to open up business opportunities, attract investments and create more wealth for the state.Oyetola spoke at the 2019 Osun State…
CNN’s African Voices Changemakers meets Tony Elumelu
On this week’s African Voices Changemakers, CNN International meets Nigerian businessman and philanthropist Tony Elumelu. After years in the banking world, Elumelu is using his experience to help those eager to start their own businesses.…
Turkey to finish testing digital Lira in 2020 ― President Erdogan
Turkey's President Recep Tayyip Erdogan directed that the government should finish testing the national central bank digital currency (CBDC) in 2020. The country’s national blockchain-based digital lira is planned to be issued by the…