The efforts of the Central Bank of Nigeria (CBN) aimed at ensuring stability in the foreign exchange market may have started yielding results as the market is now awash with…
Read More CBN Restores Calm in Forex Market
Category: Economy
Banks’ dollar demand slumps…over Fear of dollar crash
There are strong indications that the demand for foreign exchange by authorized dealers has slumped, as the dealers were only able to pick $45 million out of the $100 million…
Read More Banks’ dollar demand slumps…over Fear of dollar crash
Inflation declines by 0.52 % in March
Agency report || The National Bureau of Statistics on Thursday said that inflation dropped by 0.52 percent in March, the second decline recorded in the year- on- year basis. The…
Read More Inflation declines by 0.52 % in March
CBN releases additional $250m for Forwards market
The Central Bank of Nigeria (CBN) on Wednesday, April 12, 2017, released additional $250 million on 7 to 30-day forwards for agriculture, airline, petroleum products and raw materials. The Bank…
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Even if he must steal to develop Nigeria, Buhari must steal! – World Bank consultant
A consultant for the World Bank and President of Nigeria Economic Society, Olu Ajakaiye, has said that the present administration under President Muhammadu Buhari must do all it can to…
Read More Even if he must steal to develop Nigeria, Buhari must steal! – World Bank consultant