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Naira to depreciate further in I&E as CBN intervenes with $540m

The declining fortune of the naira in the Investors and Exporters (I&E) window is expected to continue this week even as the Central Bank of Nigeria (CBN), in a bid to defend the nation’s currency injected $540 million into the window in July.g
The Super Eagles may not have any cause to fight over money like the Indomitable Lions of Cameroon and the Warriors of Zimbabwe have done at the 2019 Africa Cup of Nations which started last Friday in Egypt. This is because President Muhammadu Buhari has approved the budget the Nigeria Football Federation (NFF) submitted to him for the national team’s 2019 AFCON campaign.

Afcon: President Buhari releases Super Eagles’ money

President Muhammadu Buhari has approved part of the funds for the Super Eagles campaign at the 2019 Africa Cup of Nations in Egypt.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 3

President Buhari: Federal government to review Bismarck Rewane’s panel report on minimum wage

President Muhammadu Buhari yesterday received the report of the Presidential Technical Advisory Committee on the implementation of the New Minimum Wage (PTAC) and said the government would begin work on it immediately.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 3

President Buhari: We’ll review national minimum wage report speedily

President Muhammadu Buhari on Monday in Abuja received the report of the Presidential Technical Advisory Committee on the Implementation of the National Minimum Wage with a pledge to review it expeditiously.

Bismarck Rewane: Cost remains a major threat to banks in Nigeria

The bearish run on the Nigerian Stock Exchange (NSE) continued on Tuesday as all share index (ASI) plunged by 1.02% to close at 31,313.36 points.
election inec nigeria

Experts: How 2019 election outcome will impact economy

Analysts have presented different possibilities for the Nigerian economy after the February and March elections, with most of them saying that a change in political leadership would most likely inspire hope and engender economic growth.
President Buhari presents 2019 Budget to the National Assembly on 19th Dec 2018-2

Experts: 2019 N8.83 trillion budget proposal ambitious

President Muhammadu Buhari on Wednesday presented an N8.83 trillion budget for next year to a joint session of the National Assembly in Abuja, which many analysts have described as ambitious, given the regime’s struggles to meet revenue targets.

Lower oil prices may weaken naira to N380 per dollar – analysts

Should oil prices continue to decline and fall below Nigeria’s Medium Term Expenditure Framework (MTEF) benchmark of $60 per barrel, the impact on the country’s economy could include the naira depreciating to $380/$, analysts at Financial Derivatives Company (FDC) have predicted.

Federal government urged to review direction of debts to stimulate economic growth

Some economists on Friday called on the Federal Government to review the direction of the country’s debts, in order to spur productivity and economic growth.

LCCI: Infrastructure deficit erodes Nigerian business’ competitiveness

The LCCI, whose position was contained in a report titled, ‘Infrastructure Deficit in Nigeria: The Way Forward, the LCCI,’ decried the challenges of exporting made-in-Nigeria products to other ECOWAS countries and poor investment climate.

Nigeria, South Africa exit recession in Q2

Nigeria and South Africa have both exited recession, notching up economic growth of 0.6 percent and 2.5 percent respectively in the second quarter, official data showed on Tuesday.

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Cristiano Ronaldo: It hurts when people question your honour

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