FG lack drive to convince states on enabling environment for telecoms investors’—BHIU
Latest report released by the Business Hilights Intelligence Unit (BHIU), has shown that contrary to efforts being made being claimed by the federal government in encouraging massive investments in ICT infrastructure, the apex government lacks the political will to convince…
ISPON indicts NOTAP, NITDA in proliferation of foreign software, killing local content
Considering the surge in capital flights involved in the purchase of foreign software by Ministries, Departments and Agencies (MDAs) and telecoms companies mainly from India and China, leadership of the Institute of Software Practitioners of Nigeria (ISPON) has called for…
CBN moves more steps forward, announces sale of dollars to MAN, fuel importers, airlines
In a strategic drive to offset backlog of matured foreign exchange obligations the Central Bank of Nigeria (CBN), has announced plans to begin the sales of dollars to fuel importers, airlines and manufacturers. New position of the apex bank is…
Naira over-valued by 10 to 20 percent, IMF mocks CBN, presidential economic team
In what can be easily interpreted as reactions to the rebuffing of its advice by the Central Bank of Nigeria (CBN), the International Monetary Fund (IMF) on Wednesday fired back, claiming that Nigeria’s naira is over-valued by around 10 to…
Why only dollar injection by CBN cannot stabilize the forex market—Observers
As the Central Bank of Nigeria (CBN) is set to pump another set of millions of dollar to the foreign exchange market between weekend and Wednesday, forex experts and development analysts have said that injection of dollar cannot do the magic…
CBN fast tracking naira appreciation, injects fresh $180m into forex
The naira continued to regain strength and appreciate in value in the parallel market on Tuesday as it was sold for N425 to a dollar. The meaning of this is that currency speculators are not having a negative fight for…
