ONE of the world’s leading credit rating agencies, Moody’s, has cheerful news for Nigerians in 2017. It says the country’s economy and her dollar earnings are expected to improve in…
Read More Nigeria’s economy will improve 2017 – Moody’s
Category: Business
FG loses $198.7m to oil swap,OPA – NEITI
The Nigeria Extractive Industries Transparency Initiative, NEITI, said the country lost $198.7 million in 2014 to the crude oil-for-product swap and the Offshore Processing Arrangements, OPA NEITI disclosed this in…
Read More FG loses $198.7m to oil swap,OPA – NEITI
Airlines can’t pay for aviation fuel -NNPC
Ebun Francis The Managing Director of Nigerian National Petroleum Corporation, Dr Maikanti Baru on Thursday explained the difficulties being experienced in the aviation sector was not as a result of…
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Naira among four worst global currencies in 2016
Agency report The naira is one of the world’s four worst performing currencies in 2016, according to a report by Bloomberg LP. The naira was said to have lost 36.68…
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CBN sells $1bn to clear backlog of forex demand
Ebun Francis with agency reports The Central Bank of Nigeria sold about $1bn on the forward market to clear a backlog of dollar obligations in selected sectors, according to foreign…
Read More CBN sells $1bn to clear backlog of forex demand