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FOREX: Again, CBN intervenes with $210m

The Central Bank of Nigeria (CBN) on Tuesday said it injected $210million into the inter-bank foreign exchange market to ensure availability of foreign exchange. The intervention is also to help meet customers’ requests in various…

NSE suspends trading in Conoil shares

The Nigerian Stock Exchange (NSE) on Monday announced the suspension on trading in the shares of oil marketing firm, Conoil Plc. The suspension was disclosed in a circular signed by Godstime Iwenekhai, head, listings regulation…

Electricity distributors fight back

THESE are not the best of times for the power sector. The sector has been swimming in troubled water in the past few months. It was initially between the electricity Distribution Companies (DisCos) and customers, who complain of…