The Minister of Finance, Dr. Ngozi Okonjo-Iweala has said the nation’s tax to Gross Domestic Product ratio of seven per cent of GDP is not sufficient to build a strong economy. Okonjo-Iweala said this during a presentation at the spring meeting of the World Bank Group and the International Monetary […]
World News
AMCON is Succeeding, Says Sanusi
Contrary to the suggestion by the International Monetary Fund (IMF) that the Asset Management Corporation of Nigeria (AMCON) should wind down its operations, the Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, has said the corporation is on track and is achieving its goals. Sanusi, who […]
Naira Falls to 5-Week Low on Oil-Imports Demand, Fewer Dollars
The naira declined for a fifth day, reaching its lowest in more than five weeks on increased demand for dollars by oil importers and as the central bank cut the amount of U.S. currency sold at today’s auction. The currency of Africa’s biggest oil producer weakened 0.1 percent to 158.83 […]
