May 8, 2021
  • May 8, 2021

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More Nigerians keep foreign assets to safeguard against devaluation, inflation ~CBN report

by on April 22, 2021 0
Nigerians have been accumulating foreign currencies to protect their wealth from naira volatility and surging inflation, according to a research paper in a journal published by the Central Bank of Nigeria (CBN). “Higher real-exchange rate volatility is associated with an increased level of currency substitution,” central bank economists including Isaiah Ajibola, Sylvanus Udoette, Rabia... Read More

Nigeria can achieve sugar self-sufficiency if…

by on April 22, 2021 0
Nigeria’s sugar industry dates back to the 1960s. Domestic production, however, only supplied about c.2.8 percent of national sugar consumption in 2019, according to the National Sugar Development Council (NSDC). In order to limit unrestricted importation and facilitate domestic production, the Nigerian Sugar Master Plan (NSMP) was approved in 2012. Despite the fact that... Read More

Ecobank moves to attract forex inflows, offer Nigerians in diaspora mortgage loan, investment platform

by on April 15, 2021 0
Ecobank Nigeria has rolled out several investment packages and opportunities to encourage Nigerians in the diaspora to own houses in the country and also participate actively in money and capital markets investment. Ecobank Head of Consumer Banking, Olukorede Demola-Adeniyi said the bank is offering mortgage loans to Nigerians living abroad to finance property ownership... Read More