Tag: Market
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COVID-19: FCTA issues new directives on markets operations
As part of measures to limit the spread of the deadly COVID-19 pandemic in the FCT, the Federal Capital Territory Administration (FCTA) has directed that markets in the territory will now only operate three times weekly on Mondays, Wednesdays and Saturdays, from 7.000 am to 2:00 pm. The FCT Minister, Malam Muhammad Musa Bello issued…
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Lockdown: Ogun to open markets every 48hrs
The Ogun Government says it will only open markets every two days during the lockdown. Gov Dapo Abiodun made this known while addressing newsmen on Friday night at his residence in Iperu Remo,Ogun. The governor also declared that all markets in the state would only open between 7 a.m. to 2 p.m. on Tuesday as…
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Suicide bomber hit market, kills at least 25
A suicide bomb attack on a crowded festival and market in northwest Pakistan’s northwest killed at least 25 people on Friday and wounded 20, a government official said. The blast occurred at around the same time that three attackers tried to storm the Chinese consulate in the southern city of Karachi. Two policemen and the…
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Jos Market fire: I’m devastated by the scale of losses – Buhari
President Muhammadu Buhari on Sunday consoled victims of the Jos market fire which destroyed more than 200 shops. In a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, the President said he was devastated by the scale of economic losses suffered by hard-working and ordinary Nigerians who believe in self-reliance to…
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Properties worth millions of Naira destroyed as fire razes Ojota market
Fire gutted a section of Binukonu Ultra Modern Market, Ojota in Lagos in the early hours of Friday, destroying goods and property worth millions of Naira. This is the third fire incident at the market in three years. Previous incidents occurred in 2015 and November 2017. Friday’s fire, which was believed to have been caused…
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CBN injects fresh $210m into foreign exchange market
…as Naira exchanges for $1/N360 The Central Bank of Nigeria (CBN) has provided fresh 210 million dollars to meet customers’ requests in various segments of the foreign exchange market. The Bank’s Acting Director, Corporate Communications Department, Mr Isaac Okorafor in a statement on Monday in Abuja, said that 100 million dollars was offered to authorised…
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Forex: Market gains stability as CBN injects $210m
The various segments of the currency market in the country gained stability last week as the Central Bank of Nigeria (CBN) put another $210 million into the market to sustain flow of forex to meet demands of customers. According to a weekly report released by Cowry Asset, the Naira strengthened against the US Dollar at…
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Oil rise as production cuts tighten market
Oil prices rose on Tuesday on the back of an outlook for healthy demand amid ongoing production cuts led by OPEC and Russia. U.S. West Texas Intermediate (WTI) crude futures were at 58.50 dollars a barrel. The Organisation of Petroleum Exporting Countries (OPEC), the Middle East-dominated producer club, and Russia, the world’s single biggest oil…
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CBN injects $210m into currency market
The interbank window of the nation’s foreign exchange market on Tuesday received a boost of $210m from the Central Bank of Nigeria. The interventions were made at the wholesale, the Small and Medium-scale Enterprises, and invisibles segments of the market. The Acting Director, Corporate Communications, CBN, Mr. Isaac Okorafor, said the bank offered the sum…
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Fire razed over 1000 Shops At Kaduna Market
More than 1000 shops were razed by fire on Friday morning at the popular Pantaker building materials market in Kaduna State. According to eyewitnesses, the fire started from an electrical spark from one of the shops and later spread to the entire market, destroying properties worth millions of naira. Pantaker market, the main hub of…