Saturday, November 17, 2018

Tag "Adeosun"

    David-West: The mistake Buhari made over Adeosun

David-West: The mistake Buhari made over Adeosun

Tam David-West, former minister of petroleum resources and an ally of President Muhammadu Buhari, says the president's mistakes are haunting his government.In an interview with The Guardian, he said Buhari made a mistake in the first four months of his administration with the people he surrounded himself with and are working against him.David-West said that the economy is not doing well [...]

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    Adeosun: Gwarzo tried to stop his suspension through blackmail threat

Adeosun: Gwarzo tried to stop his suspension through blackmail threat

Kemi Adeosun, minister of finance, says Mounir Gwarzo, suspended director general of the Securities Exchange Commission (SEC), tried to use blackmail to stop the disciplinary action taken against him.The minister suspended Gwarzo on November 29 and set up an administrative panel to probe allegations of corruption levelled against him.In a statement issued on her behalf by Oluyinka Akintunde, her spokesman, [...]

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    Maina stopped receiving salary in 2013, says accountant-general

Maina stopped receiving salary in 2013, says accountant-general

Ahmed Idris, accountant general of the federation, says Abdulrasheeed Maina,  former chairman of the Presidential Task Force on Pension Reforms (PTFP), is not receiving salary as claimed by his counsel.Mohammed Katu, counsel to Maina had told the house of representatives ad hoc committee probing his reinstatement that his client was still receiving salary.While appearing before the committee on Thursday, Idris said Maina [...]

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    GDP contracts again but Nigeria inches closer out of recession

GDP contracts again but Nigeria inches closer out of recession

The Nigerian economy remains in its worst recession in 29 years!The National Bureau Statistics confirmed this on Tuesday, as it released the gross domestic product (GDP) report for the first quarter of 2017, which showed that the economy contracted by 0.52 percent year-on-year.NBS adds that this particular contraction of 0.52 percent is the best performance in four quarters, compared to [...]

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    Adeosun: Affordable housing is critical to delivering on Nigeria’s economic plan

Adeosun: Affordable housing is critical to delivering on Nigeria’s economic plan

Kemi Adeosun, minister of finance, says the executive has requested for N100 billion as seed funding for affordbale housing in the country for the year 2017 alone.Speaking at the International Monetary Fund meetings in Washington on Saturday, Adeosun said “delivering affordable housing is critical to the delivery" of Nigeria's reform agenda.Nigeria has an estimated housing deficit of 17 million units, which is [...]

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    Adeosun: Our next level is how to affect the Nigerian on the street

Adeosun: Our next level is how to affect the Nigerian on the street

Kemi Adeosun, minister of finance, says the next level in her work and that of her ministry is on how to sustain growth and ensure the man on the street is affected positively. Speaking to journalists on the sidelines of the World Bank/IMF meetings in Washington, the minister said she met rating agencies, who also confirm a general consensus of a [...]

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    Follow TheCable for updates on World Bank/IMF meetings in Washington

Follow TheCable for updates on World Bank/IMF meetings in Washington

Like Nigeria, the global economy is on a path to growth, riding on the wings of rising commodity prices and trade policies. This growth may be stunted by the protectionism in the US, Brexit realities in the UK, and geopolitical shocks emanating from Syria, Russia, and North Korea.The business and finance world -- as led by the World Bank and [...]

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    Emefiele, Kale, Fashola…10 govt officials who defined doing business in 2016

Emefiele, Kale, Fashola…10 govt officials who defined doing business in 2016

There is no doubt that 2016 has been a terrific year for the Nigerian economy. With biting recession, ailing naira, spiking inflation and fluctuating oil prices, Africa’s largest economy lost and regained its spot as the continent’s economic powerhouse.In spite of these challenging times, Nigeria made some progress in its ease of doing business. According to the World Bank Doing [...]

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    Barkindo backs Adeosun, says Paris agreement should be fair to developing countries

Barkindo backs Adeosun, says Paris agreement should be fair to developing countries

Sanusi Barkindo, secretary-general of the Organisation of Petroleum Exporting Countries (OPEC), says the Paris agreement on climate change should be fair to developing countries.Speaking at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), Barkindo said the agreement has to be equitable to all."In talking about sustainable development, I feel I should also make reference to the ratification of the Paris [...]

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    Dangote backs Adeosun, says no to IMF loan

Dangote backs Adeosun, says no to IMF loan

Aliko Dangote, Africa’s richest man, is in support of Kemi Adeosun's stance that Nigeria should not consider obtaining a loan from the International Monetary Fund (IMF).Speaking at the IMF spring meeting in April 2016, Adeosun had desribed Nigeria as a resilient country with strong fundamentals to get through tough times with an IMF loan.“We have resolved to build resilience into the country’s [...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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