Sun Jan 17, 2016/Reuters By Julia Payne and Felix Onuah Nigerian President Muhammadu Buhari has written to parliament requesting the withdrawal of the 2016 budget in order to make changes, sources at the presidency and Senate said on Sunday. Buhari unveiled the budget for Africa’s biggest economy in December, which […]
Tag: Godwin Emefiele
Foreign reserves drop by $396m in two weeks
January 17, 2016/Punch The stoppage of foreign exchange sale to Bureau De Change operators has failed to prevent massive decline of the nation’s foreign reserves, which dropped by $108m three days after the move by the Central Bank of Nigeria. The rate at which the reserves fell in the three […]
Nigeria’s next central bank chief a steady hand, who’ll keep out of politics
* New governor likely to continue tight monetary policy * Central bank will be expected to stay out of politics * Governor will have challenge of defending the naira Nigeria’s incoming central bank governor Godwin Emefiele is seen as a steady hand who will maintain tight monetary policy in the […]
