Tinubu’s Economic and Financial Reforms: Gains, Pains, and Missed Targets
CBN also implemented wide ranging foreign exchange reforms, chiefly the elimination of multiple exchange rates to curb arbitrage, enhance transparency and boost investors’ confidence.
Reappraise monetary, fiscal policies, NECA advises FG
The Nigeria Employers’ Consultative Association (NECA) has urged the Federal Government to reappraise its monetary and fiscal policies in view of the multifaceted challenges confronting the nation. Its Director-General, Mr Wale Oyerinde, made the call in a statement in Lagos on Saturday. Oyerinde said that the policies had little impact either because of inherent inconsistencies […]
Tight monetary policy threatens FG’s N720bn borrowing plan
Tight monetary policy threatens FG’s N720bn borrowing plan
Sahara Group seeks seamless energy transition in Nigeria, others
By Ediri Ejoh Sahara Group has called on the petroleum industry operators to explore best possible policies and partnerships to propel seamless energy transition for Nigeria and other African countries. Speaking at the Nigeria Annual International Conference and Exhibition (NAICE), Director, Governance and Sustainability, Sahara Group, Ejiro Gray, said Nigeria as well as other countries […]
Naira constant, exchanges at N428.12 to dollar
The Naira on Friday remained constant exchanging at N428.12 to the dollar at the Investors and Exporters window. The local currency remained unchanged at N428.12 to the dollar, same as the N428.12 traded on Thursday. The open indicative rate closed at N429 to the dollar on Friday. An exchange rate of N444.00 to the dollar […]
Naira gains marginally at Investors, Exporters window
The Naira on Thursday gained against the dollar at the Investors and Exporters window, exchanging at N428.12. The figure represented an increase of 0.25 per cent compared with N429.20 it exchanged for the dollar on Wedneday. The open indicative rate closed at N428. 33 to the dollar on Thursday. An exchange rate of N444 to […]
How to halt naira depreciation — Analysts
How to halt naira depreciation — Analysts
CBN has no plan to close community associations’ accounts —Investigations
By Emma Ujah The Central Bank of Nigeria (CBN) has said it did not direct Deposit Money Banks to seize funds in Community Associations’ Savings Accounts. There has been apprehension among members of Community Development Associations, Cooperative Societies and Social Clubs over reports that accounts held by such organizations which were not properly registered with […]
We’re working to avert further Naira fall – CBN
The CBN has assured that it would continue to make deliberate efforts in the foreign exchange to avoid further Naira fall
Atiku, Datti-Baba Ahmed, others lament Naira depreciation as Senate summons CBN governor
By Biodun Busari Nigerians are still battling with the audacity of the terrorists who threatened to abduct President Muhammadu Buhari when the reports of naira depreciation of N700 to a dollar arrived on Wednesday. Vanguard reports that Senate has summoned the governor of the Central Bank of Nigeria, Godwin Emefiele to appear before it and […]
Labour issues strike notice, says banks’ take-over of DISCOs worsening supply crisis
By Victor Ahiuma-Young Organised Labour in the nation’s Electricity sector, has issued a strike notice to the Federal Government, rejecting the take-over of some Electricity Distribution Companies, DisCos, by banks among others. In a 14 day ultimatum to the Federal Government through the Ministers of Power, Labour and Employment among others, dated July 7, 2022, […]
