Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
Attract more FDI into the country, NBCC urges Buhari
“To develop a sound business environment, there is a need for formalised process to evaluate these business conditions. Such evaluations require input from bilateral member organisations such as the NBCC to provide industry and investor feedback to allow the continuous adaptation to changing economic conditions”
Investors cautious on new government
Private sector industry leaders have taken cautious positions in reaction to the change of government particularly at the national level in Nigeria, thus throwing the markets into limbo which may linger until definite statements on the direction of economic policies are made by President Mohammadu Buhari. Last Friday ex-president Goodluck Jonathan handed over Nigeria’s economy in perhaps its most trying moment since the advent of the current democratic dispensation.
New governments at centre and states lament over economy, treasury
As the political leaders who took over reigns of power at the national and state levels settle into offices today they have clearly given thumps down to their predecessors in the area of economic management First is the President Mohammadu Buhari who took over from Goodluck Jonathan last weekend and declared that Nigeria’s economy is in “deep trouble and needs careful management to overcome the impact of low oil prices, slowing growth, high unemployment and the security threat from Islamist group Boko Haram”.
May&Baker back to profitability as shareholders okay 5k dividend
Shareholders of May & Baker Nigeria Plc have unanimously approved the five kobo per share dividend proposed by its Board of Directors for the financial year ended December 31, 2014, just as the company returned to profitability. The shareholders at the 64thAnnual General Meeting of the company held in Lagos commended the company’s performance for the year under review, in view of the harsh operating environment it operated upon and for returning back to paying dividend.
CBN releases 2013 controversial report
The Central Bank of Nigeria (CBN) weekend released the 2013 annual report that led to suspension of former governor, Sanusi Lamido Sanusi. The Financial Reporting Council of Nigeria had raised issues with the accounts, saying it needed some detailed explanation as required in the International Financial Reporting Standards.
