Home / Economy


CBN floods banks with dollars

In an effort to support and shore-up the value of Naira, the Central Bank of Nigeria (CBN) has flooded commercial banks with dollars. The banks are reported to be holding excess forex and were seeking customers to buy foreign currencies. The banks have cleared the backlog of requests for foreign …

Read More »

PMAN: Wizkid, others defy recession

Mr Pretty Okafor, President of the Performing Musicians Association of Nigeria (PMAN) has said that the economic recession facing the nation since 2016 did not stop its entertainment industry from thriving. He stated this in an interview with the News Agency of Nigeria (NAN) in Abuja. Okafor, in a retrospective …

Read More »

Recession: Buhari urges graduates to create jobs

President Muhammadu Buhari has advised graduates of tertiary in­stitutions across the country to commence the process of creating jobs for themselves with the understanding of the current economic crises facing the nation. President Buhari spoke at the 32nd convocation cer­emony of the University of Ilorin at the weekend. He further …

Read More »