Dangote Refinery resumes petrol loading in Naira at N1,215 per litre
•As depots, filling stations adjust prices By Udeme Akpan, Energy Editor Dangote Petroleum Refinery has resumed gantry loading of Premium Motor Spirit (PMS), also known as petrol, in naira after a week suspension, ending uncertainty in the downstream sector over its temporary shift to dollar-denominated sales. Checks by Vanguard showed that the refinery has fixed […]
‘Effects of the loss of N846bn NSE money on the economy’
The crisis facing Nigeria’s economy following the decline in crude oil prices at the international market is already taking its toll on foreign investment flow into the country, as foreign investors just pulled N846.53 billion investments from the Nigerian Stock Exchange (NSE). The National Co-ordinator, Centre for Societal Values and Development, also a legal practitioner, Mr. Silas Udoh, spoke on the need for the three tiers of government to invest more in Small and Medium Enterprises (SMEs), blaming the Central Bank of Nigeria (CBN) on Naira devaluation and other issues in the economy
Nigeria loses N1bn daily to rice importation
The Special Adviser to the President on the New Partnership for Africa’s Development, NEPAD and African Peer Review Mechanism, APRM, Ambassador Mrs. Fidelia Akuabata Njeze, says Nigeria loses N1billion daily to rice importation.
3.3 bn air passengers boarded planes last year, says IATA
A record 3.3 billion passengers boarded planes last year, marking a jump of some 170 million passengers from 2013, the International Air Transport Association (IATA) said on Thursday. “Demand for the passenger business did well in 2014. With a 5.9-percent expansion of demand, the industry out-performed the 10-year average growth rate,” IATA chief Tony Tyler […]
Naira appreciates at interbank
The Naira, at the Interbank market, on Thursday gained 80 kobo to the dollar, the Central Bank of Nigeria (CBN) says.
Managing the naira and the issue of growth
The recent decision of the Monetary Policy Committee (MPC) to retain rates as they are, is seen as making a safe bet so close to the elections, and to avoid being dragged into partisan politics of the current election period. It was however not a decision reflecting current economic conditions in the country.
