Business

LCE to list Agvest N5bn cashew nut contracts

The Lagos Commodities and Futures Exchange (LCFE) has screened Agvest Ltd. for listing of its N5 billion cashew nut contracts by diversified financial instruments. The financial instruments would be offered to the investing public through Commercial Papers (CP) and short…

Foreign reserves drop by $111.56m to $34.61bn

The nation’s foreign reserves droped by $111.56million to $34.61billion as at Friday, according to the Central Bank of Nigeria (CBN). The drop makes it the fourth consecutive week decline of the nation’s foreign exchange buffer. However, the naira depreciated by…

Analysts evaluate Nigeria-China currency swap

Some financial conomists have expressed great concerns on the minor influence that the Nigeria-China currency swap had on the country’s economy, three years after. The experts said in Lagos on Friday  that the volume of currency import so far traded, had…