Tilewa Adebajo: After A Period of Disequilibrium, Nigeria’s Economy Now Returning To Point of Equilibrium
“There’s $60bn to $65bn potential of capital importation into Nigeria on a yearly basis,” says Tilewa Adebanjo.
“There’s $60bn to $65bn potential of capital importation into Nigeria on a yearly basis,” says Tilewa Adebanjo.
Around 15,000 customers have willingly returned money that was “taken illegally” from Ethiopia’s largest bank.
CBN Governor Cardoso has again insisted that a reported FX backlog of $2.4 billion remains invalid for settlement.
Senator Natasha Akpoti-Udoaghan believes Nigeria can boost its non-oil exports to earn forex for the economy.
The Naira has appreciated at both the official window and parallel market to N1,382.95/$1 and N1,350/$1 respectively.
Following Tuesday’s MPC meeting, the CBN has raised MPR to 24.75% and retained CRR at 45%
Ibom Air has received the first of 10 Airbus aircraft and is establishing an MRO facility for aircraft maintenance.
Multiple landslides have been suggested as the probable cause of cut undersea cables rather than sabotage.
The CBN is facing calls for transparency as NACCIMA raises concerns over FX allocations.
Boeing’s stock rose by 2% on Monday in response to the news of CEO Calhoun’s resignation.
Tuesday’s MPC meeting will give attention to the improvement in Nigeria’s current exchange rate volatility.
EXCERPT: The DMO says Lagos, Delta, Ogun and Rivers are the states with the highest domestic debt burden.
Nigeria’s external debt servicing of $3.5bn has Eurobonds accounting for 55% of the total sum.
The Naira gained following Wednesday’s disbursement of $1.5bn by the CBN to settle outstanding obligations owed to commercial bank customers.
In her new role, Eki Ogunbor is expected to ensure that all communications are consistent with Nosak Group’s brand identity.
The Head of Ratings at Agusto & Co says the dollar seems to be losing compared to other currencies.
Lagos Governor Sanwo-Olu says partnership with Mastercard is one of government’s commitment to empower the youth and drive positive change.
NCDMB says NLNG Train-7 project will boost LNG production capacity by 35% and solidify Nigeria as the lead LNG exporter.
EXCERPT: The DOJ has accused Apple of engineering an illegal monopoly in smartphones that boxes out competitors and stifles innovation. The US Justice Department on Thursday announced a sweeping antitrust lawsuit
Ethiopians who withdrew more money than they have due to a glitch won’t escape, CBE President Sani vows.
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