23/2/2017/Reuters Nigeria aims to rise the proportion of government spending devoted to infrastructure to 30 percent from 10 percent and to mobilise private capital for additional funding, Finance Minister Kemi Adeosun said on Thursday. The government has laid out plans to spend a record 7.29 trillion naira in 2017, up […]
Updates
AfDB to open field offices in Benin, Guinea and Niger
February 24, 2017/AfDB Benin, Guinea and Niger will benefit significantly from the development support provided by the African Development Bank Group (AfDB) following the Board’s approval to open offices in the three countries in order to strengthen its operational presence, visibility and address their needs effectively. In line with the […]
Naira Recovers by 5 percent in 2 days to N495 to 1$; Oil Trades at $57pb
Culled—Proshare February 23, 2017/FDC Tweaking the forex policy and increasing supply helped the naira recover 5% of its value in 2 days to N495/$. Before we get carried away, we must remember that this recovery is only as good as the supply remaining consistent. The good news is that oil […]
