President directs Adeosun, Emefiele to release 2nd tranche of London-Paris loan refunds to state

Fidelia Okafor. The Minister of Finance, Mrs Kemi Adeosun and the Governor of the Central Bank of Nigeria, Godwin Emefiele have been directed to act appropriately with the release of the 2nd tranche of the London-Paris Club refunds to states in order to ease their financial hardships. President Muhammadu Buhari gave the directive while addressing […]

March 17, 2017

Naira appreciates to N455 against dollar

Amaka Obiefuna. The Naira on Thursday consolidated its gains against the dollar at the parallel market. The Nigerian currency gained two points to exchange at N455 to a dollar, from N457 it posted on Wednesday, while the Pound Sterling and the Euro traded at N550 and N480, respectively. At the Bureau De Change window, the […]

March 17, 2017

IMF: Nigeria’s economy has recorded growth, to recover soon

Amaka Obiefuna. The World Bank has said that Nigeria will soon recover from its economic recession. Eme Essien-Lore, the Country Manager in Nigeria, International Finance Corporation, stated this in Lagos on Thursday. ”In our perspective and with the numbers that we have seen coming from the World Bank and the International Monetary Fund (IMF), Nigeria’s […]