NIGERIA: CBN Bans Resale of Dollar to Shore Up Naira
The Central Bank of Nigeria (CBN) has banned banks from reselling dollars bought at a currency auction to other banks, Reuters quoted some dealers to have said, adding that the...
Over N30trn unaccounted for, Soludo insists
Lagos — Former Central Bank of Nigeria, CBN, Governor, Professor Chukwuma Soludo, Wednesday, insisted that N30 trillion has either been stolen or unaccounted for from the federation account, saying, he...
CBN May Stop Forex Sales for Goods that Can Be Made in Nigeria
The Central Bank of Nigeria (CBN) is considering halting the sale of dollars for imported goods that are already manufactured in the country as it seeks to reduce pressure on...
Nigeria Auto industry can create over 200,000 jobs – NAC
Abuja – The Director-General of the National Automotive Council (NAC), Mr Aminu Jalal, said on Tuesday that the nation’s automobile industry had the potential to generate over 200,000 jobs. (more…)
NIGERIA: Buhari Accuses FG of Refusing to Bring Down Fuel Price
The All Progressives Congress (APC) Presidential Campaign Council (PCC) has asked the Peoples Democratic Party (PDP)-led federal government to stop stealing from Nigerians and allow them to enjoy the relief...
NIGERIA: Increased Political Spending, Others Threaten Price Stability
The threats from increased political spending and growth in money supply have been identified as some factors that are underlining threats to the consumer price index (CPI) in Nigeria. (more…)
Our expectations for Agriculture in Nigeria for 2015 — stakeholders
Stakeholders in the agricultural sector have expressed optimism of increased focus on the sector in 2015, and increased productivity in view of the sharp decline in crude oil price and...
FDC: Nigeria to Record 10-12% Inflation in 2015
Amidst the crisis triggered by the plunge in crude oil prices and the corresponding pressure on the naira, analysts from the financial and investment advisory firm, Financial Derivatives Company, have...
Tracking Progress Report on CBN’s Entrepreneurship Devt Centres
The progress recorded at the various Entrepreneurship Development Centres, midwifed by the Central Bank of Nigeria (CBN) in different zones in the country has shown that the challenges to Nigeria’s...
Nigeria: Power supply may not be stable for the next 20 years-Ex-Gov. Ladoja
Senator Rashidi Adewolu Ladoja, the Chairman, National Conference Energy Committee and a former Governor of Oyo State, walked tall as hundreds of APC, PDP members in Ido Local Government Area...