Uproar as CBN takes over bank
They insisted the measure would throw the country into economic instability should the apex bank be allowed to go ahead with its planned directive as the plan was nothing but to take over the 11 banks.
Emefiele, Sekibo reiterate support for small businesses
Besides, it expressed optimism that tapping the potentials of the youths, particularly the entrepreneurial drive and inquisitiveness in them, was vital to the stimulation of sustainable and equitable socio-economic development in the country.
Buhari’s reality check on floating the naira - Part 1
The adoption of a floating exchange rate by Nigeria on June 14 ,2016 was informed by similar challenges faced in the United States on June 2, 1929 when the U.S stock market crashed, triggering the Great Depression.
Senate approves N241bn budget for NDDC, goes on three-week recess
The Senate yesterday approved a total sum of N241 billion as the 2016 Niger Delta Development Commission (NDDC) budget.However, the Upper Chamber adjourned plenary for three weeks and to resume on July 12th, 2016.
On the new foreign exchange regime
The Central Bank of Nigeria (CBN) has done the appropriate thing by introducing a new foreign exchange (FX) regime and guidelines for the operations of the market-driven exchange rate for the Naira.
Senate probes alleged diversion of N500b fund for power, aviation, SMEs
An investigation into alleged abuses in the management of the N500 billion Federal Government intervention fund released in 2011 for the power and aviation sectors as well as the Small and Medium Scale Enterprises...
CIS applauds new flexible exchange policy
The Chartered Institute of Stockbrokers (CIS) on Sunday said that the new foreign exchange policy announced by the Central Bank of Nigeria (CBN) would bolster investor confidence in the Nigerian Stock Exchange (NSE).
How faltering global, domestic economies propped ‘flexible’ policy
The assessment of the challenging global and domestic macroeconomic and financial developments, the short-to medium-term prospects for the domestic economy and the outlook for the rest of the year...