Financial and economic analysts on Tuesday expressed concerns over the looming ‘macro-economic instability’ in the country, saying patronage politics could make this year, which is a pre-election year, an economically harsh one. According to them, a lot of money being piled up by politicians for elections next year, would be […]
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CBN defended naira with $26.6bn in 2013 – Report
In a bid to save the naira from devaluation last year, the Central Bank of Nigeria defended the currency with approximately $26.6bn from the nation’s external reserves; findings by our correspondent have shown. Information obtained from the CBN website on Monday revealed that the bank sold about $26.6bn to currency […]
Tunde Lemo Leaves CBN January 15
Deputy Governor of the Central Bank of Nigeria (CBN) in charge of operations, Mr Tunde Lemo, is scheduled to exit the apex bank from 15th of this month, LEADERSHIP reliably gathered. Lemo, who became deputy governor on January 1, 2004, when he joined the apex bank, is the longest member […]
