CBN’s naira defence threatened as forex reserves fall to $33.55bn
The ability of the Central Bank of Nigeria to defend the Nigerian currency has reduced on the back of the
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Economics
Nigeria’s falling inflation contradicts market reality, says FDC
The drop in inflation rate in May for the second straight month contradicts market reality, analysts at Financial Derivatives Company
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IMF raises concern over return of fuel subsidy in Nigeria
The International Monetary Fund has expressed concern over the resurfacing of fuel subsidies in Nigeria. The Nigerian government had in
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Nigeria’s forex reserves fall below $34bn despite oil rally
Nigeria’s foreign exchange reserves have dropped below $34 billion despite the rally in the price of crude oil, the major
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Nigerian govt’s reliance on central bank financing worrying: Capital Economics
The Nigerian government’s growing reliance on the Central Bank of Nigeria for the financing of budget deficits is certainly worrying,
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Consortium, govt partner to relaunch South African Airways
Following the announcement by South Africa’s Minister of Public Enterprises, Pravin Gordhan, the Takatso Consortium has expressed its delight and
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IMF approves disbursement of $772m to Angola
The Executive Board of the International Monetary Fund announced on Wednesday that it had completed the fifth review of Angola’s
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Nigeria’s debt stock rises to N33.11tn
Nigeria’s total public debt increased to N33.11 trillion at the end of the first quarter of this year from N32.92
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Twitter ban sends poor message to investors, US tells Nigeria
The United States government has said the ban on Twitter in Nigeria sends a poor message to investors and businesses.
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Dangote Fertiliser begins urea production, spends $2.5bn
Dangote Fertiliser Limited announced on Friday the formal commencement of production of urea in commercial quantity and the plan to
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