Tag Archives: Market

The Central Bank of Nigeria (CBN)  said on Tuesday it had injected 210 million dollars into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.  In a statement, the bank said it had released 100 million dollars earmarked for the wholesale market, 55 million dollars for small businesses and individuals, and 55 million dollars for certain dollar …

Read More »

Nigeria’s economy shrinks by 2.2% in third quarter Despite claims of growth, the Nigeria’s economy in the third quarter contracted as businesses struggled to access foreign exchange and rebels continued to bomb oil pipelines in the restive south, official data showed Monday. “The nation’s gross domestic product (GDP) contracted by -2.24% year-on-year,” the country’s National Bureau of Statistics said in …

Read More »

Barely a week after an inferno razed, a market in Kano, another mid-night fire outbreak on Thursday gutted Gwarzo market in Gwarzo Local Government Area of the state, destroying property worth millions of Naira. An eye witness on Friday said the incident occurred around 1 a.m. The source said the fire destroyed the entire furniture section of the market before …

Read More »