CBN to buck pressure to devalue naira – Spokesman
Central Bank of Nigeria, CBN will resist pressure to devalue the naira since it retains ample funds to defend the currency, its spokesman, Ugochukwu Okoroafor has said.
Sanusi’s tall story on high interest rates
Nigeria’s hope of early economic rejuvenation and growth may have been sadly foreclosed by Lamido Sanusi, in a recent presentation to the House Committee on Banking and Finance in Abuja, when he noted, in spite of the clarion demand by industrialists that “although the CBN has put in place several monitoring measures to ensure stability in the economy, it was not possible to guarantee the delivery of low interest rate, due to the harsh business environment in the country”.
We’ll bridge power investment deficit in Africa – Olugbade
Dr. Adesegun Akin-Olugbade, Executive Director, General Counsel, Africa Finance Corporation in this interview with Moses Nosike of Saturday Vanguard Business speaks on the need for power investment in Africa.
Naira falls by 98k despite CBN’s $500m
The Naira depreciated by 98 kobo at the interbank foreign exchange market and by one kobo at the official market in spite of $500 million sale by Central Bank of Nigeria.
