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Tuesday, September 22, 2020

Scarred Investors Want Proof on Naira Really Float on New FX Window

by Paul Wallace There will be initial caution among investors: StanChart Standard Bank sees ‘sharp but unsustainable’ drop in naira Nigeria’s latest attempt to ease the dollar shortage choking its economy is dependent on traders trusting the central bank. The monetary authority opened a foreign-exchange window...

Floating the Naira Will Cause More Economic Damage Than It Solves – Experts

Financial experts, fearing economy breakdown have warned President Muhammad Buhari, ahead any talks by some politicians and cabinet members to float the naira, saying the move would lead to further tumbling of the Naira and collapse of the economy.     “It takes a whole lot of stupid...

Indices on non-oil sector growth in Q2 shows Nigeria’s economy could recover earlier than expected

The Bankers’ Committee of the Central Bank of Nigeria, CBN, has said the Nigerian economy could recover earlier than expected. The Committee, which gave the review at the end of its 331st meeting in Abuja, said the economy was steadily pulling out of recession and...

Emefiele seeks stronger efforts against global shocks

Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), on Saturday emphasised the need to strengthen efforts over the coming years to stimulate growth and create jobs in critical sectors to insulate the economy from global shocks. Emefiele said this while giving a...

Last-minute scramble as Nigeria closes capital’s airport for 6 weeks

By Abraham Terngu KADUNA, Nigeria, March 8  - Workmen were attempting to finish electrical fittings and lay tiles at a new terminal in northern Nigeria's Kaduna airport on Wednesday just hours before it takes over responsibility for handling passengers bound for the capital Abuja. For six...

Don says inconsistency of policies hinders agricultural business in Nigeria

By Sunday Bassey , Sept. 2, 2020 Prof. Nyaudo Ndaeyo, the Deputy Vice Chancellor of the University of Uyo (UNIUYO), says inconsistency of policies hinders agricultural business in the country. Ndaeyo, Professor of Agricultural in the university gave the remarks at the World Coconut Day...

Nigeria’s economic diversification demands natural capital accounting application- Ag. Director

By Ikenna Uwadileke Abuja, Sept. 16, 2020 The Ministry of Finance, Budget and National Planning says application of natural capital accounting to the country’s planning process is critical to attaining Nigeria’s economic diversification goals. Mr Aso Vakporaye, Acting Director, Economic Growth in the ministry...

Fitch: Nigeria will experience recovery in oil revenues, but…

Nigeria is likely to experience a recovery in oil revenues, but will continue to struggle with raising non-oil revenues, rating agency Fitch says. The Global Rating agency forecasts that Nigeria's general government fiscal deficit will remain broadly stable in 2017, at 3.9% of GDP, just...

Buhari Administration building a productive, inclusive Nigerian economy – Adeosun

The Minister of Finance, Mrs Kemi Adeosun, has said that the administration of President Muhammadu Buhari is building a productive Nigerian economy for a sustainable and inclusive economic growth. The Minister said this while speaking on Sunday at “The Platform” hosted by the Covenant Christian...

3 Key Drivers to Watch on Nigerian Economy in 2018 – Doyin Salami

At the recent 5th edition of the Nigeria Stock Exchange and London Stock Exchange Dual Listing Conference at the Wheatbaker Hotel, Ikoyi, Nigeria’s notable economist, Dr. Doyin Salami gave a presentation on the “State of The Nigerian Economy”. It was an opportunity for him...
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