CBN I&E forex window attracts $4bn in three months
Nigeria's importers and exporters foreign exchange window introduced by the Central Bank of Nigeria about four months ago has attracted four billion dollars from foreign investors since April.
Nigeria settles backlog of forex demand for airlines, fuel
The central bank of Nigeria sold an undisclosed amount of dollars today to settle a backlog of foreign exchange demand for airlines, fuel and raw material imports.
CBN injects $280mn into forex market
Interventions by the Central Bank of Nigeria continued with a fresh injection of 280 million dollars across the markets to meet dollar demand.
Nigeria's tax reform
Nigeria is planning a new tax scheme that is expected to increase the country's tax to GDP ratio to 15 percent from 6 percent and aims to generate an estimated one billion dollars in the next three years.
Nigeria stocks start week in negative
Nigeria's bourse closed negative on Monday, as investors took profit from a number of counters. Meanwhile, the Central Bank of Nigeria on Monday disbursed a total of 240 million dollars to retail end-users and authorised forex dealers.
One-humped beauties take the stage in Saudi Arabia
More than 50,000 camels participate in the country's month-long annual King Abdulaziz camel festival with this year's prize money equivalent to $31 million dollars.