archiveMarch 13, 2017

Statistics by the Debt Management Office (DMO) has shown that serving Nigeria’s domestic debt gulped N1.23tn in 2016. This is against N1.02 trillion the Federal Government spent in 2015 on servicing its domestic debts. This comprised N25 billion spent on the repayment of the principal and N993.13 billion spent on...

Nigeria’s foreign exchange (FOREX) reserves rose above $30 billion as of March 8 to its highest level since October 2015, Central Bank of Nigeria (CBN) data has shown. Nigeria’s dollar reserves have increased by 15.02 per cent since the start of the year, data showed, but were far off their...

The Central Bank of Nigeria will this week inject more dollars into the foreign exchange market as part of efforts to improve the level of liquidity in the interbank market. The Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, confirmed the plan to release more dollars into the forex...

Nigeria Employers Consultative Association (NECA) has called on the Federal Government to see to full implementation of the Economic Recovery and Growth Plan (ERGP) recently released by the Federal government. NECA’s President, Larry Ettah, said ERGP will provide some assurance to domestic and foreign stakeholders on the policy direction of...