Godwin Emefiele, governor of Central Bank of Nigeria, has said the discovery of crude oil and the country’s increasing reliance on crude oil revenues have led to a severe downturn…
Read More Oil discovery made Nigeria’s economy vulnerable–EmefieleCategory: Economy
Warrant for my arrest an abuse of court process – Innoson Boss
The Chairman of Innoson Motors, Mr Innocent Chukwuma, on Tuesday described the warrant for his arrest by a Federal High Court in Lagos as an abuse of court process. In…
Read More Warrant for my arrest an abuse of court process – Innoson Boss
Forex: CBN Boosts Market with $210million
The Central Bank of Nigeria (CBN) has injected the sum of $210 million into the inter-bank Foreign Exchange Market. Figures obtained from the CBN on Tuesday, June 25, 2019, indicate…
Read More Forex: CBN Boosts Market with $210million
Buhari’s policies pushing Nigeria to bankruptcy- Sanusi
The controversial Emir of Kano, Muhammad Sanusi, on Tuesday said that unfavourable economic policies by the Buhari administration is leading Nigeria into bankruptcy. Sanusi who spoke at a workshop organised…
Read More Buhari’s policies pushing Nigeria to bankruptcy- SanusiWhy fresh banks’ recapitalisation has become imperative –CBN
By Emeka Ejere The Central Bank of Nigeria said another recapitalisation of the nation’s banking sector has become imperative as the depreciation of the naira between 2004 when the last…
Read More Why fresh banks’ recapitalisation has become imperative –CBN