Fuel scarcity, currency swap and antics of enemies within
Nigeria is in turmoil. Its economy is on crutches. Commercial activities are paralysed. There is no money, no thanks to empty Automatic Teller Machines (ATM).
Category : Finance
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Economists project lower inflation as consumer demand falls
Economists have said the constraint demand caused by cash swaps and other policies of the Central Bank of Nigeria may push down inflation in January.
Forex shortage may persist over polls, says Coronation
Coronation Merchant Bank has predicted that foreign exchange liquidity crisis affecting the economy may linger futher. The Chief Economist of Coronation bank, Chinwe Egwim made
Banking halls empty as naira scarcity worsens
Banking halls across various commercial banks in Lagos, Osun, Ekiti, and other parts of the country witnessed minimal activity as frustrated customers resorted to alternative
New naira scarcity: Sokoto, Zamfara, Katsina border residents trade in CFA
Residents of border communities in states including Sokoto, Zamfara, Katsina, Adamawa and Kwara have opted for the CFA franc following the scarcity of the new
Naira redesign: Emefiele urges NASS, Nigerians to show understanding
The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, has urged lawmakers and Nigerians to show understanding, adding that the apex bank was out
Redesigned Naira: CBN advises Nigerians to patronise POS, open Savings account
The Central Bank of Nigeria (CBN) on Wednesday advised Nigerians to exchange their old Naira notes at Point of Sale (POS) machines and open Savings
FEC approves N4bn for construction of Senate buildings, Radio Antenna
The Federal Executive Council (FEC) has approved about N4 billion for the execution of three projects across the nation. The amount would cover the construction
FG may spend N4.65 trillion to service CBN overdraft this year
Unless the Monetary Policy Committee (MPC) makes a U-turn on its aggressive monetary tightening, the Federal Government may pay as much as N4.65 trillion servicing
Emefiele: CBN will accept old naira notes after Feb.10 feadline
The Governor of Central Bank of Nigeria, Mr Godwin Emefiele, has said that the apex bank would still accept the old naira notes after the
