Nigeria Asks Banks To Give 60 Pct Of Their Forex To Manufacturing Firms
Reuters: Nigeria’s central bank has asked commercial lenders to allocate 60 percent of their foreign exchange purchases to…
Nigeria’s Buhari To Ask For Powers For Emergency Economic Measures
Reuters: Nigerian President Muhammadu Buhari will ask parliament for extra powers allowing him to take “emergency” decisions to…
Recession: APC Government Is Clueless, Says PDP
Tribune / Nigeria: With the economy in a nose dive in the first 15 months of the present…
Nigeria Is Running Out of Firepower to Defend the Naira: Chart
Bloomberg: Nigeria’s foreign reserves keep on falling: they stood at $25.8 billion on Aug. 16, the lowest since…
Economic Downturn, Islamist Attacks Cause Hunger To Spread In Nigeria, Says UN
Reuters: Nigeria’s economic slowdown, compounded by Boko Haram attacks, could mean 5.5 million people needing food aid in…
Africa’s Economic Crisis: PMB Seeks Home-grown Solutions
Leadership / Nigeria: President Muhammadu Buhari yesterday urged governors of African Central Banks to look for “original home-grown…