Nigeria‘s budget deficit is set to fall to 1.85 percent of gross domestic product in 2013, the director general of the budget office said on Thursday. Last year’s budget predicted a 2012 deficit of 2.97 percent of GDP. Nigerian President Goodluck Jonathan approved a 4.99 trillion naira budget last month […]
World News
Banks introduce N100 monthly ATM fee
Following the scrapping of the N100 withdrawal charges on Automated Teller Machines by the Bankers Committee, some banks are planning to introduce monthly maintenance fee on ATM cards. Investigations by our correspondent revealed that, though only one of the banks had announced the introduction of the fee from this month, […]
Naira Drops Most in Week as Central Bank Reduces Dollar Supply
Nigeria’s naira depreciated for a second day, heading for the biggest drop in a week, after the central bank reduced the amount of dollars sold at an auction today. The currency of Africa’s biggest oil producer weakened 0.3 percent, the most since Feb. 27 on a closing basis, to 158.05 […]
