News In : Economy   (Page 7)
  • Nigeria may Lose N500 Billion Yearly to New Cargo Policy
  • The Federal Government’s new policy on cargo palletisation could rob the economy of over N500 billion yearly and send importers to the ports of neighbouring countries.Palletisation is a method of storing and transp[...]
  • Date Posted:: 02/Feb/2018
  • Naira to Remain Stable as Dollar Demand Weakens
  • The naira is likely to remain stable against the United States dollar next week as demand for the greenback weakens whenever the unit trades below 360 per dollar. Foreign exchange traders said most forex users were not[...]
  • Date Posted:: 02/Feb/2018
  • Nigeria Ranked Low on Budget Transparency Index
  • Nigeria slipped into 90th place behind Zimbabwe and Afghanistan in the global Open Budget index released on Thursday. Nigeria’s score on the open budget index dipped from 24 in 2015 to 17. In Africa, Nigeria curre[...]
  • Date Posted:: 01/Feb/2018
  • GTB Predicts 2.8% Economy Growth Rate in 2018
  • Guarantee Trust Bank (GTB) analysts have predicted economy growth rate of between 2.3 per cent and 2.8 per cent in 2018. The bank in its 2018 Economic Outlook release on Tuesday night said 2018 would be driven by sustai[...]
  • Date Posted:: 31/Jan/2018
  • Reserves may Hit $60bn over JP Morgan’s Returns
  • The President, Association of Bureaux De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe has said the likely return of JP Morgan Chase & Co. to Nigerian market will lead to improved foreign exchange (forex)[...]
  • Date Posted:: 31/Jan/2018
  • CBN Sells $210m as Naira Closes at 364/Dollar
  • The Central Bank of Nigeria on Monday injected another $210m into various segments of the inter-bank foreign exchange market. This came on the heels of the regulator’s $304.4m Retail Secondary Market Intervention[...]
  • Date Posted:: 30/Jan/2018
  • Is CBN Defending the Naira or Dollar?
  • “As I speak to you, our external reserves stand above $31bn and that provides us with enough firepower to be able to defend the naira (N305=$1)”   However, fast forward to January 2018 with reserves abov[...]
  • Date Posted:: 29/Jan/2018
  • BoI Gets Approval to Recover NERFUND’s N17.5bn Bad Lo...
  • The Federal Government has given approval to the Bank of Industry to recover the N17.5bn outstanding loans being owed by customers of the Nigeria Economic Reconstruction Fund. NERFUND is currently having liquidity chall[...]
  • Date Posted:: 25/Jan/2018
  • MPC May cut Interest Rates Before July–Emefiele
  • MPC May cut Interest Rates Before July–EmefieleThe Central Bank of Nigeria’s Monetary Policy Committee may start cutting interest rates in the first half of the year as inflation eases, the CBN Governor, Godw[...]
  • Date Posted:: 25/Jan/2018
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