Nigeria’s naira fell 1 percent to 166.35 against the U.S. dollar in volatile trading, a day after the President suspended outspoken Central Bank Governor Lamido Sanusi, dealers said on Friday. The naira opened at 164.90 to the greenback, traded for a short-period and rose to 167 before it shut down, […]
Author: InvestAdvocate
Exclusive Document: The Financial Reporting Council Report That Busted Sanusi
… Claimed a Whooping N1.257 Billion for “Lunch For Policemen” and expenses for “Private Guards” In 2012 … Bogus Payments To Airlines To Distribute Currency Nationwide Exposed … Operated Bogus Expense Heads To Hide Fraudulent Activities … CBN Has Held An Account With A Balance Of N1.423 Billion For An […]
Okonjo-Iweala Says She Remains Finance Minister
The Minister of Finance and Coordinating Minister for the Economy, Dr. Mrs. Ngozi Okonjo-Iweala has issued a carefully worded statement that sidestepped answering the question whether she tendered a letter of resignation earlier in the week to President Goodluck Jonathan. Two sources familiar with the development had told THEWILL that […]
