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Bankers Committee unveils N200bn fund for 5 cash crops

The Bankers Committee yesterday announced a N200 billion credit facility to boost production and export of five cash crops. The cash crops are Coaca, Oil Palm, Shea Butter, Sesame Seed and Cashew

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CBN

How I&E forex window buoyed naira stability with $50bn inflows

By Babajide Komolafe Foreign exchange inflows through the Investors and Exporters (I&E) foreign exchange window hit the $50 billion at the end of February. This huge inflow was instrumental to the  stability of the  naira against the dollar since 2017. The Investors and Exporters (I&E) forex window allows investors and exporters to purchase and sell
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Oil price rises as uncertainty over Nigeria elections, Venezuela tension mounts

AS Nigeria’s stock market turn positive with significant capital gains ahead of official conclusion of the general elections, oil prices, yesterday shot up, apparently over uncertainty over the outcome of the election’s as well as the political tension in Venezuela. Also the pressure on oil price appears to be coming from a positive sentiment over United States–China talks.

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