During Economic Boom, Only 1% of Nigerians Enjoyed

Only the pinnacle one per cent of Nigerians enjoyed while the degree of inequality accelerated throughout the oil growth that predated the recent monetary recession in the country, a file has stated. The Financial Derivatives Company Limited, referred to this in its Economic Bulletin for August 2017, bought recently. According to the lookup and financial advisory firm, the chance for real monetary impact on the average Nigerian was squandered. It referred to that prior to the economic crisis; Read more [...]

Nigeria Currency (Naira) Closes At 365 Per Pollar Despite CBN Interventions

The Naira closed at 365 per United States dollar at the parallel market on Wednesday, the same charge it closed on Tuesday. This used to be regardless of the Central Bank of Nigeria’s injection of $250m in the foreign alternate market on Tuesday. The Naira had traded flat at 365/dollar on Monday, having closed at 365/dollar on Friday. The Federal Government had declared Friday and Monday public holidays. The CBN injected $250m into the a number segments of the inter-bank overseas alternate Read more [...]