Tag: Devaluation

US Says will Put Pressure On Nigeria to Further Devalue Naira, Ease Currency Controls

March 29, 2016/The Will The United States has revealed that it will press Nigeria in talks this week to adopt a more flexible foreign exchange rate to boost growth and investment in the country. This was revealed by U.S. Assistant Secretary of State for Africa, Linda Thomas-Greenfield, who told an […]

Financial Inclusion: Heritage Bank ED Says Financial Literacy Linked to Economic Growth

By InvestAdvocate Lagos (INVESTADVOCATE)-Financial literacy has been described as a strong catalyst to financial inclusion and wealth creation that will aid the nation’s economic growth, Mary Akpobome, executive director (ED), Heritage Bank Limited said in her opening remarks, at the Financial Literacy Day Programme  organised by the bank at the […]

Nigeria’s president rejects IMF calls to lift FX curbs, end naira freeze

Sun Mar 6, 2016/Reuters Nigeria’s President Muhammadu Buhari has rejected calls by the International Monetary Fund (IMF) to lift the West African country’s foreign exchange curbs and allow a more flexible rate for its currency. “No,” he told pan-Arab Al Jazeera television in an interviews posted on the station’s website, […]