Thursday, November 15, 2018

Tag "ngozi okonjo-iweala"

    Attacks in south ‘will hurt Nigeria’s economy’

Attacks in south ‘will hurt Nigeria’s economy’

Although foreign investors are buying Nigeria's assets, any terror attacks down south could put off even the established ones among them, Citigroup's country officer, Mr. Omar Hafeez, has told Reuters.Nigeria's reputation as a preferred investment destination in Africa continues to hold, attracting capital equity and debt investors amid security concerns.Citi said it has traded $1.1 billion worth of Eurobonds for [...]

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    CNPP: Jonathan ‘flushed away’ N413bn Abacha loot

CNPP: Jonathan ‘flushed away’ N413bn Abacha loot

The withdrawal of a N100 billion suit against the Abacha family by the federal government is a politically motivated move tantamount to "flushing away" the billions of naira looted by late general Sani Abacha, the Conference for Nigerian Political Parties (CNPP), has said.The ministry of finance had stated on Thursday that as part of negotiations to expedite the recovery of the funds [...]

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    Nigeria to receive N36bn Abacha loot refund

Nigeria to receive N36bn Abacha loot refund

The federal government will on June 25 receive the N36 billion ($228 million) looted by former head of state, General Sani Abacha, from the Government and Principality of Liechtenstein, the ministry of finance has said.This is part of the agreement reached with the Abacha family, leading to the discontinuation of a suit against Mohammed, one of his sons, after the family [...]

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Up… up… naira

The Nigerian economy got a marginal boost within the week, as the naira appreciated against major currencies at the official and parallel markets.At the official market, the naira opened at N157.73 to a dollar on Monday, and closed at N155.43 on Friday, gaining N2.3k.The currency also appreciated against the dollar by N1 at the Bureau de Change during the week, [...]

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    FOI: Okonjo-Iweala faces contempt charge

FOI: Okonjo-Iweala faces contempt charge

Dr. Ngozi Okonjo-Iweala, the minister of finance, has been served a Notice of Consequences of disobedience to court order by the Federal High Court, Abuja.She may be facing a contempt charge for refusing to honour a judgement delivered by the court in respect of a suit filed by the Centre for Social Justice.The court, through an order of mandamus dated February 25, [...]

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Exchange Rates

November 13, 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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