January 17, 2016/Punch The stoppage of foreign exchange sale to Bureau De Change operators has failed to prevent massive decline of the nation’s foreign reserves, which dropped by $108m three days after the move by the Central Bank of Nigeria. The rate at which the reserves fell in the three […]
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Asian shares skid as crude oil plumbs 12-year lows
Wed Jan 13, 2016/Reuters By Lisa Twaronite Asian shares skidded on Thursday in the wake of steep losses on Wall Street, while a rout in oil and commodities prices, with crude plumbing 12-year lows, heightened fears about the global economy. U.S. crude prices CLc1 were last down slightly at $30.47 […]
Editorial: Mr. President, Please Sack the CBN Governor
January 11, 2016 by Emmanuel Asiwe/huhuonline.com Given the deeply entrenched monetary and fiscal policy somersaults that have attended operations of the Central Bank of Nigeria (CBN), for which the Nigerian economy has been thrown into a tail spin, it is almost futile to expect anything good from the apex bank. […]
