IMF Seeks Unified Exchange Rate For Naira         The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to get the country a unified exchange rate for the naira. It remained stable at N378 to dollar on the CBN’s official rate. The naira was on...

CBN Battles Recession, Raises COVID-19 Facility To N300bn       Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday said the bank would raise its COVID-19-targeted facility from N150 billion to N300 billion in order to accommodate more Nigerians in a bid to cushion the impact...

A Few Thoughts on National Unity and Identity By Keem Belo-Osagie       There are many who refer to the amalgamation documents as if they tell us something about the unnatural nature of present day Nigeria. For me, the amalgamation document is simply a document of some historical...

‘Textile Can Generate 2.5 Million Jobs’       Vice-President of Industrial Global Union, Mr. Issa Aremu, has said that the textile industries alone can generate over 2.5 million jobs in Nigeria if rejuvenated. He said the current government could create 100 million jobs over the next 10 years...

In Three Months, Nigeria Imported N2.78trn Manufactured Goods – NBS       Nigeria imported manufactured goods worth N2.78tn while the total export component was N254.2bn between April and June. According to figures obtained from the National Bureau of Statistics on foreign trade statistics for the second quarter, this...

In Six Months, Nigeria Records $362.84m FDI       Nigeria recorded $362.84m Foreign Direct Investment (FDI) in six months, figures from the National Bureau of Statistics revealed on Monday. The NBS’ latest capital importation report stated that while $214.25m FDI was recorded in the first three months of...