Latest News

How to save the Naira – BusinessDay

Our naira was once the pride of us Nigerians. Not anymore. Our national currency has been on a tailspin, much of it of our own making. While it is officially changed at 350 to the dollar, in the parallel market it has been going for as high as 480. The premium between the official and […]

African currencies, Nigerian Naira and the new US dollar volatility

While OPEC production cuts could slow the plunge of Nigerian naira, the real headwinds are ahead, thanks to the impending Fed rate hike, the incoming Trump administration and US dollar as the new fear index. In Africa, some 14 countries have been using the CFA franc that is pegged to the euro, while three have […]

Govt can create jobs, save trillion naira annually through JAMB – Dr Ogudoro – Nigeria Today

By Simeon Ndaji Nigerian Government can generate thousands of jobs for the unemployed youths, upgrade the quality of education in the country and save a trillion naira annually by taking steps to tackle the problems associated  with the Joint  Admissions and Matriculation Board(JAMB). Dr Peter Ogudoro, a United Kingdom based researcher made this statement […]

Govt can create jobs, save trillion naira annually through JAMB – Dr Ogudoro – Vanguard

By Simeon Ndaji Nigerian Government can generate thousands of jobs for the unemployed youths, upgrade the quality of education in the country and save a trillion naira annually by taking steps to tackle the problems associated  with the Joint  Admissions and Matriculation Board(JAMB). Dr Peter Ogudoro, a United Kingdom based researcher made this statement yesterday […]

Govt can create jobs, save trillion naira annually through JAMB – Dr … – Vanguard

By Simeon Ndaji Nigerian Government can generate thousands of jobs for the unemployed youths, upgrade the quality of education in the country and save a trillion naira annually by taking steps to tackle the problems associated  with the Joint  Admissions and Matriculation Board(JAMB). Dr Peter Ogudoro, a United Kingdom based researcher made this statement yesterday […]

Naira Crashes Against 3 Major Currencies At Parallel Market – Nigerian Bulletin

Nigerian Naira on Friday depreciated further against three major currencies – Dollar, Euro and Pound at the parallel market as speculation, hoarding and increasing zero confidence of foreign investors among spike in the foreign exchange rate. The currency weakened to N484 per dollar from N482 its opened trading on Friday at the parallel market. It […]

Business – Naira Crashes Against 3 Major Currencies At Parallel … – Nigerian Bulletin

Nigerian Naira on Friday depreciated further against three major currencies – Dollar, Euro and Pound at the parallel market as speculation, hoarding and increasing zero confidence of foreign investors among spike in the foreign exchange rate. The currency weakened to N484 per dollar from N482 its opened trading on Friday at the parallel market. It […]

Nigerian Lawmakers to debate 7.3 trillion naira budget proposal for 2017 – Naija247news

Nigerian Lawmakers to debate 7.3 trillion naira budget proposal for 2017Naija247newsNigeria's cabinet approved a 20 percent increase in spending proposals next year, taking the figure to 7.3 trillion naira ($23.3 billion), according to the Budget and Planning Ministry. President Muhammadu Buhari will probably present details of the …and more »

Nigeria plans over 7 trln naira budget for 2017 – vice president – Reuters

ABUJA Dec 2 Nigeria is planning a budget of more than 7 trillion naira ($22.2 billion) next year, Vice President Yemi Osinbajo said, to boost spending and help pull the economy out of its worst crisis in more than two decades. “Our entire budget for 2016 is … just over 6 trillion naira. We will […]

Nigerian Newspapers: 10 things you need to know this Friday morning – Daily Post Nigeria

Good morning! Here is today’s summary from Nigerian Newspapers 1. President Muhammadu Buhari has pointedly told those clamoring for the independent state of Biafra to bury the idea. President Buhari, who stated this during a meeting with the South-East Council of Traditional Rulers at the Presidential Villa, said the question of carving another country out […]

Nigeria exports rise in Q3 lifted by crude sales to India, US – Daily Trust – Daily Trust

Nigerian exports climbed 29 percent in the third quarter, official figures showed on Thursday, lifted by crude sales to India and the U.S. that helped cut a widening trade deficit in Africa’s largest economy. The National Bureau of Statistics (NBS) said the trade deficit narrowed to minus 104.14 billion naira in […]

Nigeria exports rise in Q3 lifted by crude sales to India, US – Daily Trust

Nigerian exports climbed 29 percent in the third quarter, official figures showed on Thursday, lifted by crude sales to India and the U.S. that helped cut a widening trade deficit in Africa’s largest economy. The National Bureau of Statistics (NBS) said the trade deficit narrowed to minus 104.14 billion naira in […]

Business – Nigeria: Why Naira Will Continue To Fall – Bureau De … – Nigerian Bulletin

The President, Association of Bureau De Change Operators of Nigeria , Alhaji Aminu Gwadabe, has identified speculation, hoarding and increasing zero confidence of foreign investors among others as the reason for the continued spike in the exchange rate. The ABCON chief also said that the existence of a Non-Derivable Forward market in London that enjoyed […]

Nigeria: Why Naira Will Continue To Fall – Bureau De Change Chief – Nigerian Bulletin

The President, Association of Bureau De Change Operators of Nigeria , Alhaji Aminu Gwadabe, has identified speculation, hoarding and increasing zero confidence of foreign investors among others as the reason for the continued spike in the exchange rate. The ABCON chief also said that the existence of a Non-Derivable Forward market in London that enjoyed […]