Emir of Kano, Muhammadu Sanusi II, has faulted the economic model of the federal government, saying it is bound to fail. While speaking at the Kaduna State Economic Summit, Sanusi…
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Category: Economy
FG will combat economic hardship with anti-terror approach – Buhari
The federal government has vowed to fight the economic hardship currently gripping the nation with the same intensity applied to fighting terrorism, according to Nigeria’s president. During the inauguration of…
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Forex: CBN Boosts BDCs…Makes $10,000 Midweek Intervention
The Central Bank of Nigeria (CBN) in its bid to sustain supply of liquidity to the foreign exchange market, has decided to make a special intervention in the Bureau de…
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CBN boosts forex supply by $240m
…$150m for wholesale auction …$90m for BTA, PTA, medicals, etc. …Adjusts $10,000 BDC sale to Tuesdays only …Directs banks to pay cash to desiring customers OTC The Central Bank of…
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Nigeria’s debt burden inching towards N19.3 trillion
Nigeria’s debt burden is projected to hit N19.3 trillion by December of 2017, according to economy analysts who have also warned that the country might be heading for another debt…
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