Will Naira gain on higher interest rates?
Governor of the Central Bank of Nigeria, Olayemi Cardoso says efforts must be sustained to achieve a positive interest rate. Are the current interest rates high enough to sustain naira gain and…
US Federal Reserve cuts interest rates by half a percentage point
The US Federal Reserve lowered its key lending rate by a deeper-than-expected 0.5 percent, in its first rate cut in more than four years. The move indicates that while monetary policymakers are…
Nigerian government to sell N430bn bonds in Q1
Nigeria's Debt Management Office says it plans to sell up to 430 billion naira in local currency bonds in the first quarter of 2017.…
2016: Challenging year for Nigeria’s manufacturers
Persistently high interest rates, acute forex shortage and an increasingly difficult operating environment have further squeezed margins and led to mass job losses across the country.…
Elaborate plan to take Nigeria out of recession
Minister of Information and Culture Lai Mohammed said the government would soon reel out an elaborate plan to take the country out of recession.…