Cardoso Urges Banks To Lend Out Idle Funds With CBN •Retains July MPR at 26.5%
“The committee’s decision to maintain the current policy stand follows a thorough assessment of the balance of risk,” said Cardoso.
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Naira Exchange Rates Tuesday, 21 July
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1, 410 Sell ₦1,415 GREAT BRITISH POUND (GBP) Buy ₦1,890 Sell: ₦1,910 EURO (EUR) Buy ₦1,580 Sell ₦1,600 CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205 GHANA CEDI (GHS)…
How Local Cocoa Processing Is Creating Jobs in Nigeria
Before IFC’s investment, the factory processed about 8,000 metric tons of cocoa each year. It now processes more than double that—16,600 metric tons annually—and newly installed machinery is expected to increase the plant’s processing capacity to 24,000 metric tons once it is fully operational
ECOWAS Approves 2028 for Nigeria-Morocco Gas Pipeline Takeoff
Morocco’s state hydrocarbons agency ONHYM and Nigeria’s state oil company NNPC said that the project aimed to link west Africa’s gas resources to major regional markets. It also hopes to “strengthen the integration of African energy markets and create a new development corridor linking” west Africa, the Sahel, Morocco and Europe.
Naira Exchange Rates Monday, 20 July
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1, 416 Sell ₦1,422 GREAT BRITISH POUND (GBP) Buy ₦1,895 Sell: ₦1,915 EURO (EUR) Buy ₦1,590 Sell ₦1,610 CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦190 Sell ₦205 GHANA CEDI (GHS) Buy ₦95 Sell ₦110 WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400 CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250 AUSTRALIAN DOLLAR Buy ₦800 Sell ₦900 Official CBN Exchange Rates US DOLLAR (USD) ₦1,380.18 GREAT BRITISH POUND (GBP) ₦1,854.42 EURO (EUR) ₦1,577.00 SWISS FRANC (CHF) ₦1,707.94 JAPANESE YEN (JPN) ₦8.50 CHINESE YUAN (CNY) ₦203.57 WEST AFRICAN CFA (XOF) ₦2.40 WEST AFRICAN UNIT ACCOUNT (WAUA) ₦1,874. 32 SAUDI RIYAL (SAR) ₦367.48 SOUTH AFRICAN RAND (ZAR) ₦83.29
ECOWAS Elect Senegal President Faye as New Chairman
Faye emerged as the new chairman during the 69th Ordinary Session of the Authority of Heads of State and Government of the Economic Community of West African States in Sierra Leone on Sunday.
NB Plc Unveils New Lighter, Smoother Tiger Beer for younger consumers
Portfolio Manager for Premium Beer at Nigerian Breweries Plc, Maria Shadeko, said that the new Tiger Beer , now available in a lighter and smoother taste reflects the changing expectations of today’s consumers.
Nigeria-Gambia To Revive Joint Commission
The commitment was made during a bilateral meeting between Nigeria’s Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, and The Gambia’s Minister of Foreign Affairs, International Cooperation and Gambians Abroad, Sering Modou Njie, on the sidelines of the ongoing ECOWAS Mid-Year Summit in Freetown, Sierra Leone.
World’s largest olive oil company says market has ‘definitively’ entered new phase
Severe droughts and searing heat across vast swathes of southern Europe destroyed large parts of the olive oil harvest, culminating in a dizzying price rally that shocked industry veterans and consumers alike.