Economy

CBN Releases Additional $180 million Into Forex Market

February 28, 2017 James 0

The Central Bank of Nigeria (CBN) yesterday injected an additional $180 million into the foreign exchange market for settlement of various types of transactions. Acting Director, Corporate Communications Department of the CBN, Mr. Isaac Okoroafor […]

Economy

Nigeria’s Debt Profile Now $57.39bn

February 20, 2017 James 0

Dr Abraham Nwankwo, the Director General of the Debt Management Office yesterday said the debt profile of Nigeria currently stood at $57.39bn. He stated this at his appearance before the Senate Committee on Foreign and […]

Economy

Minimum Wage to be Reviewed – FG, Labour

February 16, 2017 James 0

The Federal Government and organized Labour have reached an agreement to review the minimum wage for workers in the country. This was disclosed by the President of the  Nigeria Labour Congress (NLC), Mr Ayuba Wabba […]

Economy

Presidency Warns Of Impending Famine

November 15, 2016 loudnigeria 0

The presidency has warned that Nigeria, Africa’s largest producer of cereals and grains, risks famine from early next year following a huge demand in the global market targeting the country’s surplus production. Giving the grim […]