(AFRICAN EXAMINER) - The Minister of Solid Minerals Development, Dele Alake, on Tuesday assured foreign investors of low production costs in the country’s mining sector. Speaking at the Mines and Money Conference in London, Alake said that President Bola Tinubu has embarked on reforms to boost investment by streamlining procedures and reducing hurdles to attract
(AFRICAN EXAMINER) - The Central Bank of Nigeria (CBN) has lifted the forex ban on 43 items and also promised to intervene in the FX market from “time to time”. The apex bank had in 2015 restricted the items from accessing FX from the I&E window, saying they were “not valid for foreign exchange and
(AFRICAN EXAMINER) - The naira on Tuesday appreciated against the dollar as it exchanged at N745.19 at the Investors and Exporters window. The local currency gained by 1.38 per cent compared to the N755.27 it exchanged for the dollar on Sept. 29. The open indicative rate closed at N767.24 to the dollar on Tuesday. A
(AFRICAN EXAMINER) - The National Bureau of Statistics (NBS) says prices of beef, tomatoes, beans, garri, yam and other food items increased in August. It made the declaration in its Selected Food Prices Watch report for August 2023 issued in Abuja. The report stated that while the average price of 1kg of boneless beef was
(AFRICAN EXAMINER) - The central parity rate of the Chinese currency renminbi, or the Yuan, strengthened two pips to 7.1727 against the dollar on Monday. This is according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the