The International Monetary Fund has urged African oil and gas producing nations to direct their revenues to infrastructure and education rather than on “white elephants.†Exploration in east and southern Africa has been high in recent months as a result of big oil and gas discoveries in Tanzania, Mozambique, Kenya […]
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Opposition as Reps move to abridge CBN autonomy
Stakeholders in the financial sector, including a former Minister of Finance, Mr. Adamu Ciroma, and an ex-Central Bank of Nigeria Governor, Chief Joseph Sanusi, on Monday, opposed the bid by the House of Representatives to tamper with the CBN autonomy. They cautioned the House against altering the globally accepted trend, […]
Nigerian naira firms on Shell, NLNG dollar sales
Nigeria’s naira firmed against the U.S dollar on the interbank market on Monday, supported by dollar sales by two energy companies, which boosted greenback supplies. The local currency strengthened to 157.30 to the dollar on the interbank market, firmer than the 157.40 it closed on Friday. “The market liquidity was […]
