‘CBN not planning to amend Forex Act’

‘CBN not planning to amend Forex Act’

The Central Bank of Nigeria (CBN) yesterday said it was not planning to amend the Foreign Exchange Act or recommend jail term for anyone that holds the dollar for more than 30 days. Acting Director, Corporate Communications Department, Mr. Isaac Okoroafor stated this in a statement issued yesterday in response to a report by Reuters titled: “Nigeria considers foreign exchange reforms as dollar shortages bite”.
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200k Jobs: FG vows to capture 50% of Nigerians under social security net

200k Jobs: FG vows to capture 50% of Nigerians under social security net

Special Adviser to the President on Social Protection Plan, Mrs. Maryam Uwais, told the National Assembly’s Joint Committee on Appropriation yesterday that about N1 billion had been spent so far from the N500 voted as social Interventions as contained in the 2016 Budget.

2017 Budget’ll end economic recession— FG

2017 Budget’ll end economic recession— FG

The Federal Government has said it would soon forward the 2017 budget to the National Assembly, noting that the fiscal policy proposal was targeted at stimulating private sector investment and fast-tracking the exit of the economy out of recession.