Policy

CBN Resumes Sales of Forex To BDC Operators
Policy

CBN Resumes Sales of Forex To BDC Operators

The Central Bank of Nigeria, CBN has finally rescinded its decision to bar bureau de change, BDC operators from getting Forex through authorised dealers. In a circular by the CBN, the apex bank has now authorised all accredited banks to sell Forex to approved BDCs and dealers. “In the continued […]

Why Nigeria’s Revenue Is Rising?
Policy

Why Nigeria’s Revenue Is Rising?

Nigeria is now earning more revenue from non-oil sources and it is a good news, at least for a battered economy in recession. In the just released data from the Federation Accounts Allocation Committee, FAAC the federal government earned NGN301.32 billion more in June. The government revenue sharing among 36 states […]

June Inflation Rises To 16.5% from 15.6% in May
Policy

June Inflation Rises To 16.5% from 15.6% in May

The much expected June inflation data is out. According to the National Bureau of Statistics, NBS, inflation for June rose by 0.9% to hit 16.5%. “The Headline index increased by 16.5% (year-on-year), 0.9% points higher from rates recorded in May (15.6%). “While most COICOP divisions Which contribute to the Headline index […]

What To Expect For June Inflation Rate
Policy

What To Expect For June Inflation Rate

The National Bureau of Statistics is set to release June inflation figures on Monday 18th of July, 2016. There series of prediction to what the rate might be. Last month, the NBS stated in its consumer price index, CPI report that inflation rate rose from 13.7% to 15.6% between April […]

New IGP Orders Audit Of Police Investments
Policy

New IGP Orders Audit Of Police Investments

Information released earlier today says the new acting Inspector-General of Police, Ag. IGP Ibrahim Idris has engaged the services of two (2) professional audit firms to undertake the audit of Police Investments and subsidiaries. The Police boss made the disclosure while addressing the Board and Management of Police Investments Bodies and […]

Theresa May To Assume Office As UK PM
Policy

Theresa May To Assume Office As UK PM

Theresa May, the second woman to become a British Prime Minister after Margaret Thatcher, will assume office shortly. May emerged as the Prime Minister after a leadership shakeup in the Conservative Party and the back out of Andrea Leadsom over an alleged embarrassing statement she made about May. Today, May […]