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About 502 results for "nigeria outflow"

We need to wean ourselves off importation Dangote, President, ...

By Bimbola Oyesola For Nigeria to get out of recession, the citizenry need to stem the massive outflow of foreign exchange(forex) by doing away with the propensity to import what can be produced locally. According to the President of Dangote ... Daily Sun, 1 month ago

GOOD NEWS: Nigerians forex reserves increases, reaches $24.60B

Nigeria's forex reserve has grown in a month to $23.95billion It noted however that outflow reduced by 4.57 per cent The current economic recession was blamed on bad policies In what has been described as wonderful news, Nigeria's forex ...
 AfricanSeer1 month ago Nigeria's Foreign Reserve Rises By $657m  Uncova1 month ago Nigeria's Forex Reserves Increase By $657m  Leadership1 month ago Foreign exchange increaseby $658million  National Daily1 month ago
CAJ News Africa

21/11/2016: BUSINESS REPORT: Nigerian bank to control capital outflows

NIGERIA plans to give the central bank more power to control capital flows and prevent foreign-exchange being taken out of the country, including jail time and fines for offenders as authorities battle a shortage of dollars.Authorities should
 Cape Times E-dition2 months ago Tough year for Central Bank of Nigeria draws to a close  CAJ News Africa1 month ago

Experts insist policy option, timing fail Nigeria's economy

International Monetary Fund Professionals in the financial industry have insisted that policy choices and timing, particularly in the fiscal and monetary space, have failed the country.This was in response to the assertion by the International ...
 The Guardian Nigeria3 days ago
The Guardian Nigeria

Senator proposes law to stop Naira's free float.

- A Nigerian lawmaker is proposing a new currency law that would give the central bank legal powers to set exchange rates, effectively rolling back the nation's six-month-old free float. The bill, sponsored by politician John Enoh, would repeal ...
 CEO Africa.com1 month ago Senator proposes law to halt naira free float  The Guardian Nigeria1 month ago Nigeria Lawmaker Seeks Free-Float Rollback Via Currency Bill  Bloomberg1 month ago Free-Float Rollback Targeted in Nigeria Lawmaker's Currency Bill  MSN News US1 month ago
Arab News

African bourses urged to increase products to stem outflows

By Duncan Miriri KIGALI, Dec 2 (Reuters) - African exchanges should seek the elimination of capital gains tax on their securities and roll out new products like derivatives in the face of decreased interest from foreign investors, market ...
 Yahoo! Finance1 month ago African bourses urged to increase products to stem outflows  The Gulf Today1 month ago No Comments on African bourses urged to increase products to stem outflows  Naija247News1 month ago

IMF affirms Nigeria's recovery from recession, with 0.8% growth forecast

By Babajide Komolafe INTERNATIONAL Monetary Fund, IMF, yesterday affirmed that Nigeria will this year recover from economic recession, projecting that the nation's economy will grow by 0.8 percent in 2017. Citing increased crude oil production ...
 Vanguard5 days ago Nigeria: IMF Affirms Nigeria's Recovery From Recession, With 0.8 Percent Growth Forecast  AllAfrica.com4 days ago Reflections on a biting recession  The Guardian Nigeria1 month ago IMF Upgrades China 2017 Growth Forecast to 6.5%, Warns on Debt  Equilibrio Informativo5 days ago

Bears Scramble for Yuan as China Chokes Flows, Supports Currency

China's efforts to choke capital outflows are beginning to pay off, with the offshore yuan surging the most in a year as traders scrambled for a currency that's becoming increasingly scarce outside the nation's borders. The yuan jumped 1.3 ...
 Yahoo! 7 Finance2 weeks ago

China Said to Consider Options to Support Yuan, Curb Outflows

China has studied possible scenarios for the yuan and capital outflows this year and is preparing contingency plans, according to people familiar with the matter. The authorities have used stress tests, models and field research, said the people ...
 Yahoo! 7 Finance2 weeks ago Yuan Heading for Big Drop What China's Outflows Mean for Bitcoin  Nigeria Today.ng1 month ago China Snoops on Transactions as Great Firewall Shifts West  Nigeria Today.ng1 month ago China exports snap losing streak on weaker yuan  Nigeria Today.ng1 month ago

Jubilation as MMM woos angry participants with 40 interest rate

Days after it returned to Nigeria, Ponzi scheme, Mavrodi Mondial Movement (MMM) is announcing plans to introduce up to 40 percent interest rate for its members. The new strategy allegedly aimed at attracting new members and winning the confidence ...
 Naij.com4 days ago
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