Clear forex backlog to boost naira confidence, Lemo tells CBN
A former Deputy Governor, Central Bank of Nigeria, Dr Tunde Lemo, has advised against the free floating of the naira. He said this while speaking during an online discourse at the Boiling Point Arena on Sunday, with the theme, ‘Persistent unstable macro-economic environment: Any way out’. Lemo said, “Naira should not be floated today. How […]
Investors gain N355bn as equity market opens positive
Investors in the equity market gained N355bn as the local bourse opened on a positive trading note on Monday. Both the market capitalisation and the All-Share Index which measures the movement of the market appreciated by 0.97 per cent to N36.865tn and 67,101,33 basis points respectively. The Nigerian Exchange Limited had been buoyed by listings […]
‘Solid minerals major contributor to GDP’
Minister of Solid Minerals Development, Dr. Oladele Alake, has reaffirmed the Federal Government’s decision to diversify from hydrocarbon to making the minerals sector a major contributor to Nigeria’s Gross Domestic Product (GDP) and also promote climate change. Alake dropped this hint when he received a delegation of the Miners Association of Nigeria, led by their National […]