President, Dangote Group, Aliko Dangote, has been appointed a co-chair of next year’s annual meeting of the World Economic Forum in Davos-Kloster, Switzerland. The Executive Chairman, World Economic Forum, Prof. Klaus Schwab, in a letter inviting the business mogul to co-chair the sitting, said the WEF was of the belief […]
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CBN defends naira with $4.6b in two months
The Central Bank of Nigeria (CBN) defended the naira with $4.6 billion in two months, The Nation investigation has shown. The funds were offered and sold in 16 Wholesale Dutch Auctions (WDAS) in August ($2.4million) and September ($2.2million). Findings from the CBN website showed that the apex bank maintained steady supply of […]
Four banks raise N232bn from international market
Four Nigerian banks raised $1.45bn (N232bn) from the International Capital Market between January 2011 and July 2013, the Debt Management Office has said. The Director-General of DMO, Dr. Abraham Nwankwo, disclosed this in a presentation made at a one-day retreat for correspondents in Kaduna on Friday. He said 20 companies […]
