October 17, 2016/Dangote Group As part of its strategy to meet Nigeria’s gas requirements, Dangote Industries Limited (DIL) has recently completed the acquisition of Twister B.V., a company headquartered in the Netherlands. Twister B.V. delivers reliable, high-yield and robust solutions in natural gas processing and separation to the upstream and […]
Updates
CBN Approves Special Forex Intervention For Airlines
14/10/2016/NAN The Central Bank of Nigeria has approved a Special Secondary Market Intervention Retail Sales for airlines operating in the country to enable them to access foreign exchange. The Deputy Director, Press and Public Affairs, Ministry of Transportation, Mr. James Odaudu, announced the plan in a statement in Abuja on […]
Nigeria central bank holds dollar forwards auction as currency crisis deepens
14/10/2016/Reuters By Oludare Mayowa and Chijioke Ohuocha Nigeria’s central bank will sell two-month dollar forwards at an auction on Friday to clear a backlog of demand from airlines, manufacturers and other companies, traders and the ministry of transport said, as the country’s currency crisis deepens. Dollar shortages have caused many […]
