LAGOS JULY 16TH (NEWSRNAGERS)=Two prominent finance and economic experts, Dr Paul Alaje and Mr Ugo Onuoha, have formed a consensus that the present comatose state of Nigeria’s economy and the harrowing living conditions of the overwhelming majority of the populace have their roots in wrong-headed economic policies introduced at the inception of the Tinubu Administration….
LAGOS DECEMBER 6TH (NEWSRANGERS)-Naira devaluation raised Nigeria’s external debt by about N30.03tn between 2023 and June 2024 when considered in naira terms, an analysis by The PUNCH showed. Despite a reduction in the country’s debt when measured in US dollars, the exchange rate shift has made Nigeria’s foreign obligations far more costly in local currency….
LAGOS JUNE 3RD (NEWSRANGERS)-Importers have condemned the Central Bank of Nigeria (CBN)’s over its denial that the Naira has been devalued. In an interview with BusinessDay, an importer, who craved anonymity, asked the CBN to be truthful. In its report titled, “Business leaders insist they get dollars at N630 despite CBN denial“, BusinessDay quoted manufacturers…
LAGOS JULY 28TH (NEWSRANGERS)-The Senate, on Wednesday, resolved to summon the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, to educate and inform senators in a closed session on the reasons for the rapid depreciation of the value of the naira. It also mandated the Senate Committee on Banking, Insurance and Other Financial…