Category: Economy
Nigeria Will Continue To Borrow, Nothing Has Changed – Adeosun
Minister of Finance, Mrs. Kemi Adeosun has eaten back her words, saying that Nigeria has no choice but to continue borrowing to implement the Federal Government’s...
CBN To Sell Dollars To Resolve Forex Demand
The Central Bank of Nigeria is planning to sell an undisclosed amount of dollars to settle a backlog of foreign exchange demand for airlines, fuel and raw material...
Naira Vs Dollar: Naira Increases Gain, Closes At 380/Dollar
The naira increased its recent gain on the parallel market on Sunday, closing at 380 per United States dollar. The local unit closed at 381/dollar on Friday, having...
NCC Boss, Umar Danbatta Says Telecoms Sector Contributes N15trn To GDP
Nigeria’s telecommunications sector contributed over N15 trillion to the country’s Gross Domestic Product (GDP) since the liberalisation of the sector, according to...
Nigeria Will Be Third Biggest Country In The World By 2050 – Britain
Britain has predicted that Nigeria may turn out to be one of the three biggest economies of the world by 2050. The British High Commissioner in Nigeria, Mr. Paul...
External Reserves Gain $58m In 11-Days – CBN
The Central Bank of Nigeria (CBN) has said external reserves gained $58 million to $30.23 billion as at March 14, 2017. The latest data by CBN disclosed that nation’s...
Nigeria To Raise 213.7 Billion Naira In Treasury Bills
Nigeria plans to raise 213.75 billion naira ($681 million) from short-dated treasury bills at an auction on March 15, the central bank said on Wednesday. She plans to...
Osinbajo To Flag-Off Lagos-Ibadan Rail Line Project
Acting President Yemi Osinbajo is being awaited in Lagos to kick-off the construction of the Lagos-Ibadan rail line. Osinbajo, who inaugurated Justice Walter Onnoghen as...
DPC Urges CBN To Sustain Strengthening Of Naira
The Democratic People’s Congress (DPC) has urged the Central Bank of Nigeria, Governor, Dr. Godwin Emefiele and Minister of Finance, Mrs. Kemi Adeosun to avoid...
Naira May Hit N1000 To $1 – Henry Boyo
An economic expert, Mr. Henry Boyo, has predicted that the naira will hit 1000/dollar on the parallel market in 2017 if the Central Bank of Nigeria, CBN, fails to review...
Sustainable Energy Crucial To Economic Development, Says Tambuwal
Sokoto State governor, Aminu Waziri Tambuwal, said yesterday that the nation can only develop when the worrisome issue of power is addressed. Tamnuwal who insisted...
Nigerians Are Starving – Buhari’s Government Admits
The Nigerian Government has stated that many less privileged citizens were starving. Minister of Agriculture and Rural Development, Chief Audu Ogbeh spoke yesterday at...
