The Latest News from Nigeria and Around the World
A potpourri of effusive accolades and slight skepticism have been poured on the Central Bank of Nigeria in the past few days over the sudden appreciation of the Nigerian currency Naira against the United States’ Dollar. Commendably, the naira has appreciated against the dollar of late, gaining about 50%, from about N1,900/$ early February to about N1,000/$1 at the moment.
So, congratulation to the Presidency also. This is a journey from 1986 when we introduced the Structural Adjustment Programme. We have had many policies. So many factors have come together for the CBN policies for both the regulators and the operators.made a lot of people to be dumping dollar. Of course, the achievement of Dangote now too, I think is also a very important factor. The pressure of dollar demand from oil companies is now disappearing.
I’m happy the new guideline of the Central Bank for BDC operations in Nigeria did recognise Bureau de Change as agents of IMTs . That will bring in over $152 billion annually because there are a lot of operators over there that don’t have the last mile and lack of having that last mile, I mean somebody to do their transactions here, to terminate their transactions here.
We should also look at youth empowerment. Our youths should be empowered, we can even start exporting skill, brains; we have a lot of them in arts and music. We have IT .
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japa and those still trapped in NigeriaIn recent years, the term japa has gained traction among Nigerian youths, symbolising the mass exodus of talented individuals seeking greener pastures abroad.
Read more »
Japa: Nigerian youths opt for stowing on shipsThe desperation by Nigerians to escape poverty and hardship that have defined their present state, and to seek greener pastures in the Western world has raised concern, following the increased number of youths who are stowing away on ships.
Read more »
Japa: Navy arrested 75 Nigerians hidden under rudder of cargo shipsA Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
Read more »
Japa: Nigerians relocating overseas to take jobs they rejected at homeThe Nation Newspaper Japa: Nigerians relocating overseas to take jobs they rejected at home – First Lady
Read more »
Movie Review: Japa!: Gripping satire of Nigeria’s realityThe movie is a brilliant attempt at a contemporary time loop narrative to create a unified whole, a welcome development in Nollywood.
Read more »
Group tasks Govt on farmers’ health to boost productivityThe Abundance of Hope Initiative has called on government to prioritise farmers’ health, to avert decreased food production,
Read more »