Why Nigeria can’t adopt free floating FX regime —Emefiele
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has said that Nigeria cannot freely float the Naira at the foreign exchange market because such a policy would lead to foreign exchange spiral for Nigerians. He stated this during an interview on Thursday on the sidelines of the on-going IMF/World Bank Spring Meetings in Washington DC, […]
NIN-SIM: MTN apologises to customers for barring lines
Several customers took to social media on Tuesday to vent their unhappiness with Nigerian telecommunication network providers for cutting off their connection lines. However, in a series of tweets, the Mobile Telephone Network apologized to the complainants for the limitations. Some consumers accused MTN of blocking their lines despite the fact that they were connected […]
Nigerian economy frustrating businesses, youths, women – Obasanjo laments
Former President Olusegun Obasanjo has described the Nigerian economy as frustrating for Small and Medium Scale Enterprises operators as well as women. He said this on Wednesday at the Youth Development Centre of the Olusegun Obasanjo Presidential Library Credit Scheme held on the premises. Obasanjo during the programme presented over N1million cheques to the beneficiaries […]
Dangote’s $2.5bn fertilizer factory will boost food production, export – Buhari
On Tuesday, President Muhammadu Buhari opened the $2.5 billion Dangote Fertilizer factory in Lagos.The factory has a yearly capacity of three million metric tonnes of fertilizer.The President, who expressed his delight at the multibillion-dollar factory, also stated that it will lessen the country’s reliance on fertiliser imports.He claims that the nation will benefit from a […]
FACC: FG, state, local governments share N695bn as February revenue
Federal, state and local governments shared N695.03 billion as revenue for February, the Federation Accounts Allocation Committee (FAAC) said on Tuesday This was amid the Nigerian National Petroleum Corporation Limited plan to deduct N242.53 billion for subsidy. FAAC Director Information, Mr. Olajide Oshundun, disclosed the sharing of the revenue among the three tiers of government […]