Page 3 - Bongo Adi News Today

The Federal Ministry of Transportation (FMOT), in collaboration with Nigerian Shippers’ Council (NSC) is organising a sensitisation programme on some

• World Bank calls for sovereign debt changes ahead of looming recession • Cold attitude to reforms harming domestic investment outlook, experts say  • ‘Challenge western countries but with better policy options’ • Nigeria’s Eurobond rises by about 100% in six months Nigeria is gradually inching towards a financial ‘blockade’ at the international financial market, […]

Participants at the 2022 annual public lecture of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) have stated that strong foreign reserves will increase national productivity and create a favourable climate for initiatives to create jobs to flourish.

The Monetary Policy Committee (MPC) could bite the bullet next week when it reconvenes and adjusts the policy rate for the first time since September 2020 as resurging inflation concerns

The high level of inflation in the country will worsen the misery of Nigerian households and ultimately lead to greater poverty in the country, economists have said. Earlier this week, Mr. Shubham Chaudhuri, the World Bank Country Director in Nigeria declared that households should prepare for an “exceptional squeeze” in their disposable incomes this year.  […]

By Rukayat Moisemhe

Intra-African trade routes may be facing a historic blockage as China expands its domineering influnce in the region, touted as the most commercially dependent across the globe.

President Muhammadu Buhari, yesterday, before a joint session of the National Assembly, unveiled a record N16.39 trillion ‘‘Budget of Economic Growth and Sustainability’’ for 2022...

Economists and financial experts interviewed by Daily Trust expressed mixed feelings about the new policy and its immediate and long term implications. They predicted a shock that will further shot up the dollar rates at the parallel market, which will stabilise in the long run. They also blamed the CBN for the downside of the expunged practice. Emefiele also said the CBN will no longer continue registration of new BDCs as subsequent forex will be channelled through commercial banks. The CBN g...

• Indicts operators for money laundering • We receive 5,000 fresh BDC applications monthly, says Emefiele • MPR, other monetary parameters retained • Decision a rumour until we see CBN circular, operators insist • Cordros Research: Discontinuation of FX to BDC will affect exchange rate • Nigeria to launch digital currency ‘e-naira’ in Oct The Central Bank of Nigeria (CBN), in a rare courage, yesterday, ended foreign exchange (FX) supply to bureau de change (BDC) operators and re...