Very credible sources within government have re-confirmed to proshare that the coordinating Minister of the Economy and the Federal Minister of Finance (CMO/MoF), Dr. (Mrs .) Ngozi Okonjo-Iweala may have tendered her letter of resignation to the GON this week. This development, it would appear, occurred before the governments action […]
Capital Market
Nigeria’s naira hit record low of 169 to dollar before trading stopped
Nigeria’s naira fell to a record low of 169 to the dollar before trading stopped on Thursday owing to volatility caused by the suspension of central bank governor Lamido Sanusi, several dealers said. Source: Reuters
Jonathan suspends CBN Governor, appoints Sarah Alade as Ag. Governor
Having taken special notice of reports of the Financial Reporting Council of Nigeria and other investigating bodies, which indicate clearly that Mallam Sanusi Lamido Sanusi’s tenure has been characterized by various acts of financial recklessness and misconduct which are inconsistent with the administration’s vision of a Central Bank propelled by […]
