An economist, Prof. Akpan Ekpo, has called on the Central Bank of Nigeria (CBN) to take seriously the currency swap agreement with the Peoples Bank of China (PBoC) to reduce reliance on dollars for trade.
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BUA Cement PLC, one of Nigeria’s foremost cement companies, said it recorded a 40 percent increase in its revenue within the last one year.
ASHENEWS reports that the Nigerian government has tasked the members of the Presidential Committee on Fiscal Policy, Tax Reforms to develop a robust roadmap that will transform the economy of the country.
Transcorp, and Dangote Sugar lead as the the Nigerian equities opened the last trading week of August on a positive note, extending gains from the previous session as investors continued to take positions on blue-chip firms.
ASHENEWS reports that the Niger State Commissioner for Micro, Small and Medium Enterprises, Mrs. Elizabeth Shaba has pledged to make micro, small and medium enterprises in the state a goldmine of the state’s economy.
Some financial experts have advised that only accelerated productivity can strengthen the Naira.
The naira depreciated against the dollar on Friday as it exchanged at N778.42 at the Investors and Exporters window.
The Securities and Exchange Commission (SEC) says that the unclaimed dividends figure in the nation’s capital market currently stands at N190 billion.
The Nigerian Economic Summit Group (NESG), on Tuesday, held discussions with the Central Bank of Nigeria (CBN) on areas of collaboration towards achieving economic stability.
A leaked confidential letter from the Central Bank of Nigeria (CBN) to a commercial bank has warned banks against granting Naira overdrafts, which are backed by foreign currency deposits.