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In the face of economic and financial challenges, members of the rate-fixing arm of the Central Bank of Nigeria (CBN), the Monetary Policy Committee (MPC), will face tough choices in the next two days as the sustained inflationary pressure...
• 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, […]
As envisaged, first quarter (Q1) capital importation data came last week with most of the figures in red. For the entire quarter, the country attracted a total of $1.57 billion.
The first quarter (Q1) capital importation data arrived last week, as expected, with the majority of the figures in the red. The country received $1.57 billion in total during the quarter. The statistic fell 17.46 percent year over year (YoY), but the quarter-over-quarter (QoQ) performance was even worse at -28.09 percent.
After months of speculation, the picking of expression of interest and nomination form by Central Bank of Nigeria (CBN) governor, Godwin Emefiele, to join the race to succeed President Muhammadu Buhari...