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Manufacturers To Get 60 % Forex As Naira Slides Further

The Central Bank of Nigeria (CBN) has directed authorized foreign exchange dealers to allocate at least 60 per cent of Forex to the importation of raw materials for the manufacturing sector.

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Naira Slides Further Against US Dollar

The Naira on Wednesday depreciated further against the dollar, amid last minute perfection of documentation by Bureau De Change (BDC) operators, the News Agency of Nigeria (NAN) reports.

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Lagos Set To Harvest 13% Oil Revenue Derivation

The Lagos State Government will soon begin to share in the 13 per cent revenue derivation paid to oil producing states.

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NSE: Market Capitalization Improves By N25b

Trading activities on the Nigerian Stock Exchange (NSE) on Tuesday sustained a positive trend with the market capitalisation improving by N25 billion.

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