Naira gains against Dollar as $543m injected into forex market

Nigerian currency, the Naira, Friday, traded strong after the Central Bank of Nigeria (CBN), Thursday, August 23 and Friday, August 24, 2018, injected a total sum of $543.22 million and CNY 63.21 million into the inter-bank foreign exchange market. Naira gained N0.25k against the U.S dollar as it closed at N362.35k per dollar compared to […]

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Forbe’s 2018 10 richest black people in the world

In this category, three Nigerians made the Forbe’s list of the 2018 10 richest black people in the world. They are Africa’s richest man, Aliko Dangote, Mike Adenuga and Folorunsho Alakija. In the current list released by Forbes, the Nigerians came first, third and eighth, respectively, among the richest black people. 1. Dangote is not […]

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How ‘scavenging’ sustains 1m undergraduates, 5m other youths in Nigeria

It has been revealed that the steel industry in Nigeria is being sustained by scrap scavengers who scour over heaps of rubbish around Nigeria. Now, one out of the major organised dealers of scrap wastes in Nigeria is a Port-Harcourt-based comrade, Christopher Anayo Ogbu, who started his foray into business of motor spare parts sale […]

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