World Economic Forum ranks Nigeria top among countries with financially inclusive market

16 August 2016

Nigeria has emerged 10th on the ranking for the most financially inclusive emerging market. A report recently released by the World Economic Forum, says the survey is about ease of accessing... Read More...

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Increase in pump price of petrol imminent as forex situation bites harder

10 August 2016

Petroleum marketers are agitating for the price of fuel to be increased to N151 per litre, according to reports.

They said the current price of N145 is not realistic because of the... Read More...

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CBN release additional guidelines for sale of forex by dealers

10 August 2016

Central Bank of Nigeria has issued additional requirements to Authorized Dealers of FOREX who are agents to approved International Money Transfer Operators to sell foreign currency accruing from... Read More...

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United, Iberia, 12 other foreign airlines leave Nigeria as economy dips

09 August 2016

 The recent implementation of the foreign exchange policy has started having a negative effect on the Nigerian economy, The Guardian reports.

Reports say about fourteen foreign airlines...

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Former finance minister says FG needs a change

07 August 2016

Renowned economist, Dr. Kalu Idika Kalu has charged the federal government to take a critical look at its financial and monetary policies in order to save the country from current woes.

The...

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FG engages experts to address recession, meet with VP Osinbajo

03 August 2016

Vice-President Yemi Osinbajo met notable economists on Tuesday to discuss how Nigeria can be on a quick path to economic recovery.

At the meeting, Osinbajo said the challenges bedevilling...

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Nigerian market regains bit of investors' trust as forex liquidity bounces back

02 August 2016

The decision by the Central Bank of Nigeria (CBN) to move towards a full free float of the naira, coupled with its roadshow in the United Kingdom and United States of America last month, is... Read More...

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Naira free fall continues as CBN new interest rate settles-in

27 July 2016

The naira fell to a new record low on Wednesday at the official market, following the central bank’s decision to hike interest rates to 14 percent on Tuesday. 

The naira...

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President Buhari orders NNPC to speed-up oil search, exploration in the North East

26 July 2016

President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation (NNPC) to intensify oil search in the north-east.

In a statement by Garba Deen Muhammad, the NNPC... Read More...

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IMF lied on projections on Nigeria's economy - FG

22 July 2016

The federal government says the Nigerian economy will grow by 3.3 to 3.5 percent by the end of 2016, defying the International Monetary Fund (IMF) forecast on the economy.

This was...

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