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Proshare Nigeria
August 25, 2016
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Various local Nigerian news articles indicate that the CBN has locked out nine banks from participating in the interbank foreign exchange market for failing to remit US$ government deposits worth US$2.3bn to the Central Bank as part of the Treasury Single Account directive, first implemented in September 2015.
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August 25, 2016
Nigeria’s manufacturing sector accounts for just 10.6% of the country’s total GDP. In the past eight quarters it has grown at an average of 2.5%. The country’s economic downturn has hit the sector such that there has been a steady contraction since Q1 2015.
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August 25, 2016
FEC approves 2017-2019 MTEF, targets 3% economic growth in 2017; MAN seeks reduction of interest rates, review of export scheme as Singaporean firm to invest $100 mn in A/Ibom agric projects -
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