By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s foreign exchange (FOREX) inflow through its central bank for November 2013 fell by 1.6 percent (1.6%) compared to the previous month, the economic report November 2013 released by the central bank of Nigeria (CBN) said. The report said forex inflow and outflow in the […]
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Nigeria May Ban Sale of SIM Cards to Force Service Quality
Nigeria’s government may temporarily ban mobile phone companies from selling new SIM cards in order to force greater investment in network quality by putting the brakes on soaring customer numbers. “We’re not satisfied at all” with telecommunications service, Information and Communication Technology Minister Omobola Johnson said in an interview yesterday […]
Govt injects $550m into SWF for power investment
The Federal Government on Monday said it had injected fresh $550m (N88bn) into the Sovereign Wealth Fund for investment in the power sector. The fund is being managed by the Nigerian Sovereign Investment Authority The Minister of Finance, Dr. Ngozi Okonjo-Iweala, stated this while briefing journalists at the headquarters of […]
