The Nigerian naira strengthened slightly against the U.S dollar on the interbank market on Wednesday, supported by dollar sales by a unit of ExxonMobil and some offshore investors buying local debt. The naira closed at 157.30 to the dollar on the interbank market, firmer than the 157.35 to the dollar […]
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Nigeria, other African economies improving business regulation – W’Bank
A new report by the International Finance Corporation and the World Bank finds that of the 50 economies making the most improvement in business regulation for domestic firms since 2005, 17 are in Sub-Saharan Africa. This year’s report marks the 10th edition of the global Doing Business report series and […]
CBN, Stakeholders Reject Amendment To Exclude CBN Governor, Directors From CBN Board
The Central Bank of Nigeria (CBN) and some Stakeholders in Abuja on Monday, rejected a bill to amend the CBN Act to exclude the Governor, Deputies and Executive Directors from the board of the apex bank. The bill seeks to remove the CBN Governor as Chairman of the Board of the […]
