Acting President Prof. Yemi Osinbajo has written to the House of Representatives to request for a virement of 1365.6 billion Naira to some critical priority projects in the 2017 budget.
The Central Bank of Nigeria (CBN) says it recorded foreign exchange inflow of $14.53 billion from January to May this year. This represents 121 per cent increase when compared with $6.57 billion recorded from January to May in 2016. Vanguard analysis of the monthly economic reports of the apex bank revealed that foreign exchange outflow […]
This is because we cannot continue to develop the economies of the other parts of the world from the sweat of Nigerians and at the expense of the Nigerian economy The Minister of Information and Culture, Alhaji Lai Mohammed, has said that the government’s decision that any programme meant for Nigerians must be produced in […]
The market capitalisation of the Nigerian Stock Exchange (NSE) for the third consecutive day on Wednesday posted further growth increasing by N27 billion or 0.23 per cent to close at N11.550 trillion against N11.523 trillion on Tuesday. Similarly, the All-Share Index, which opened at 33,436.61, inched 78.32 points or 0.23 points to close at 33,514.93 […]
The Federal Government has released details of payments to the 36 states as the refund of “over-deductions on Paris Club, London Club Loans and Multilateral debts on the accounts of States and Local Governments (1995-2002).” This is the second tranche of the refunds to the states. See the full details of the amount received by […]
Paris Club Refund – The Federal Government of Nigeria has released details of payments to the 36 states as the refund of “over-deductions on Paris Club, London Club Loans and Multilateral debts on the accounts of States and Local Governments (1995-2002).” This is the second tranche of the refunds to the states. A total of […]
Foreign exchange earnings capacity, economic structure of the country, and outlook are keeping the naira value high despite interventions. Presently, it is exchanged at N306 per dollar at the allegedly inaccessible interbank window; N360 per dollar at Invisibles Segment; N362 by the licensed Bureau De Change operators; N369.35 at newly inaugurated Investors and Exporters window; […]