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Tag: foreign exchange

2021 Budget Gets Boost As FG Auctions Bitumen Fields

Nigerian budget
The funding of Nigeria’s N13.58 trillion 2021 budget may have received the desired boost as the Federal Government has announced plans to commence a bid licensing round for bitumen fieldsRead More

Report: Rising Oil Price May Derail FG’s Economic Reforms

Financial Derivatives Company Limited (FDC)
The Financial Derivatives Company (FDC) has warned that the rising crude oil price, which could rise above $100 per barrel, may sway the Federal Government to jettison its economic reformRead More

Domestic Investors Maintain Dominance Of Stock Market Transactions

Nigerian Stock Exchange (NSE)
Account for 80% of N232bn traded in January Domestic investors continued to dominate trading at the local bourse, accounting for 80 per cent of transactions recorded in January, Flavision hasRead More

OPS, Analysts Back CBN’s Measure To Boost Diaspora Remittances

Central Bank of Nigeria (CBN)
Members of the organised private sector (OPS) and some analysts have hailed the newly-introduced ‘Naira 4 Dollar Scheme’ of the Central Bank of Nigeria (CBN). The OPS members and theRead More

Emefiele Lists Benefits Of ‘Naira 4 Dollar Scheme’ For Diaspora Remittances

CBN Godwin Emefiele
New incentive scheme to last for 60 days, supports forex stability Osinbajo commends new FX policy Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday highlighted the benefits ofRead More

Dangote: Nigeria to Save $2.5bn Annually From Petrochemical, Fertiliser Plants

President of Dangote Group, Alhaji Aliko Dangote
The President of Dangote Group, Alhaji Aliko Dangote, has said that the Nigerian economy will be boosted by over $2.5 billion annually through foreign exchange savings and exports from theRead More

At $66, Soaring Oil Price Reinforces Imminent Hike In Petrol Cost

Crude oil
House investigates alleged breach of local content in $2.6bn AKK project The increase in the pump price of petrol has become imminent as Brent crude oil, against which Nigeria’s oilRead More

Analysts Foresee Faster Economic Recovery As Oil Price Hits $60

International Monetary Fund (IMF)
IMF urges FG to embark on aggressive revenue mobilisation Advises FG to raise VAT to 10% by 2022 Analysts yesterday forecasted a faster economic recovery for Nigeria as crude oilRead More

EAC: Nigeria Needs Macroeconomic Stability To Attract Investments

The Chairman of President Muhammadu Buhari’s Economic Advisory Council (EAC), Dr. Doyin Salami
FG needs new economic model for faster growth, says bank chief The Chairman of President Muhammadu Buhari’s Economic Advisory Council (EAC), Dr. Doyin Salami, has stressed the need for theRead More