According to Vanguard, former governor of Niger State, Dr. Muazu Aliyu made the statement while giving a speech at the annual lecture series organised by Newgate College of Technology, Minna. (more…)
In a document titled “Working Paper” shared to members of the Chartered Institute of Bankers of Nigeria (CIBN), the Central Bank of Nigeria (CBN) is seeking powers to amend the Foreign Exchange, Monitoring and Miscellaneous Exchange Act (FEMM) which was signed into law in 2014 and allows for foreign investors to import and repatriate money to and fro Nigeria freely. (more…)
China's state-run newspaper says the government would respond with "countermeasures" if President-elect Donald Trump starts a trade war against the country, warning that the sales of iPhones and US cars would suffer a "setback." In an editorial published on Sunday, the Global Times said it would be "naive" for Trump to follow through on his campaign promises to implement a 45 percent tariff on Chinese exports to the US and to declare the country a currency manipulator. (more…)
Senator representing Bayelsa East Senatorial District, Ben Murray-Bruce, on Monday, said that airlines are no longer servicing their aircraft due to lack of access to FOREX. He made this known in a series of Tweets. Murray-Bruce said that he got his information from ‘the head of an airline’. (more…)
The National Bureau of Statistics (NBS) says Consumer Price Index (CPI) has increased to 18.3 per cent (year-on-year) in October from 17.9 per cent recorded in September. The CPI, which measures inflation, is 0.48 per cent points higher from the points recorded in September. (more…)
by