Policy

Stable Electricity: Rare Good News From Nigeria
Policy

Stable Electricity: Rare Good News From Nigeria

One of the rare good news out of Nigeria for the past three weeks is that electricity generation has increased and somewhat stable to a near record high. Data from Nigerian Electricity Regulatory Commission, NERC has also substantiated the fact. Acrooding to the commission, power generated as at two weeks […]

Islamic Development Bank Finally Opens In Nigeria
Policy

Islamic Development Bank Finally Opens In Nigeria

More than six years after Nigeria’s former CBN governor, Lamido Sanusi, touted Islamic banking in Nigeria, Islamic Development Bank, the biggest corporation promoting the banking model has finally opened for business in Nigeria. The bank was declared open earlier today by the Minister of Finance, Ms. Kemi Adeosun. IsDB now […]

Emefiele Emerges As AACB President
Policy

Emefiele Emerges As AACB President

The 2016 Assembly of Governors of the Association of African Central Bank Governors, AACB has ended in Abuja, with the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele elected as the President of the ACCB for the 2016 – 2017 year. Elected, alongside Mr. Emefiele, to run the affairs of […]

Ajaokuta Steel Might Wake Up From Rust And Dust
Policy

Ajaokuta Steel Might Wake Up From Rust And Dust

After many years of been left in the cold, Ajaokuta might come back on stream in the next one and half years. This is because the lingering legal dispute surrounding the operation and ownership of the facility has been resolved. Nigerian government said it will require about USD2 billion to […]

Abuja To Host EnergyNet Power Nigeria Conference
Policy

Abuja To Host EnergyNet Power Nigeria Conference

Power availability in Nigeria has somewhat improved in the last three weeks. However, Nigeria still does not have a stable power supply that can guarantee an economic expansion. EnergyNet a power generation forums organiser hopes to make a difference. As a result of this challenge, leading development finance institutions and heads […]

BDCs Now Get USD50,000 Weekly
Policy Uncategorized

BDCs Now Get USD50,000 Weekly

The need to increase Dollar (USD) liquidity in the retail side of things has finally forced the CBN to increase weekly sales of forex to Bureau de Change, BDC operators from USD30,000 to USD50,000 weekly. Last week, the CBN had announced that all BDCs will be entiitled to only USD30,000 […]