The senate has expressed support for the monetary policies of the central Bank of Nigeria, saying they are geared towards diversifying the nation’s economy, stimulating local production of commodities and
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It is 2016, Nigeria’s promised year of hope, but capital flight is still its ever-present self, with the Nigerian Stock Exchange (NSE) losing N1.22 trillion in the eight trading days
The naira fell to a record low of 282 against the dollar on the parallel market on Monday, immediately after the Central Bank of Nigeria (CBN) announced its decision to
Godwin Emefiele, governor of the central bank of Nigeria (CBN), says the apex bank will no longer sell foreign exchange to bureau de change operators, whom he regarded as being
Aliko Dangote, president of Dangote Group, has assured Nigerians that when his refinery is ready, the country would no longer
Tunde Bakare, the serving overseer of Latter Rain Assembly, has warned governors not to “provoke the rage” of poorly paid
It is a new year, but the same old story of falling reserves has refused to go away, with the
Nigeria’s foreign exchange reserves fell by $5,183,866,731 in 2015, closing the year at a 10-year low. The decline, which amounted
The Nigerian currency kept strong on Monday as it traded at N270 to the dollar at the parallel market. The
The worst days for the Nigerian currency, naira, may just be ahead as the naira broke its 42-year record on Thursday,
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