Recession: Let’s export not borrow

The National Treasurer of Allied Congress Party of Nigeria (ACPN), Chief Angus Uzoamaka on Wednesday said only promotion of exports would save the country from recession. Uzoamaka said this in an interview with the News Agency of Nigeria in Abuja while speaking on the state of the economy. He said that it was time for […]

Read More
CBN hq

Nigeria CB borrows N115bn via Treasury bills

[su_dropcap]T[/su_dropcap]he Central Bank of Nigeria borrowed N114.97bn ($579.05m) through three-month to one-year Treasury bills on Wednesday at higher returns than in its previous auction, the Debt Management Office said on Thursday. The debt office said N18.12bn of three-month paper was sold at 5.99 per cent, up from 5.74 per cent at a sale on March […]

Read More

Semenitari Denies Borrowing N1BN As Information Commissioner

The acting Managing Director of Niger Delta Development Commission, NDDC, Ibim Semenitari, has denied borrowing N1billon while she served in the immediate past Administration of former Rivers State Governor, Rotimi Amaechi. Semenitari served as the Commissioner for Information and Communications from 2009 to 2015. Reacting to the allegation by Dr. Austin Tam-George, who was recently […]

Read More