Politics
General news on the economy and politics.
Why the CBN is panicking about the exchange rate
Over the weekend, the Central Bank of Nigeria, CBN, issued a surprising circular. It "warned" banks and Bureaux De Change...
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Before and after: 10 metrics that has defined Buharinomics
Buharinomics: The Buhari years are almost over, well, that’s if he does not win a re-election come 2018, which we...
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George Soros explains why devaluation is on the cards for emerging markets like Nigeria
Billionaire Investor, George Soros has said that the strong dollar and the termination of the Iran Nuclear deal by the...
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CBN vows to sanction banks that sell dollar above N360
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has warned banks against selling dollars to eligible travelers...
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Bureaux de Change operators kick against CBN’s new forex policy
Bureaux de Change (BDCs) operators have rejected the order by the Central Bank of Nigeria (CBN) directing BDCs operators to make...
Read moreCBN issues new forex circular to banks and BDCs
The Central Bank of Nigeria (CBN) has directed all commercial banks in the country to sell foreign exchange across the...
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The Buhari Presidency has released its 3 year score card
As the President Muhammadu Buhari administration marks its third year in office on Tuesday this week, it has given a...
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Petrol imports hit 4 year high in March 2018
Data from the National Bureau of Statistics (NBS) report on Petroleum Products Importation and Consumption for the first quarter ended...
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NNPC targets 30% downstream market share by 2020.
The Nigerian National Petroleum Corporation, NNPC, has directed its downstream subsidiary, NNPC Retail Limited, to ensure growth in its market...
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FAAC shares ₦701 billion among 3-tiers of Government
The Federation Account Allocation Committee (FAAC) yesterday shared ₦701.022 billion to the three tiers of government as Federal Allocation for...
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