The country earned a total sum of $2.4bn (N472bn) from the exportation of cocoa, rubber, and other non-oil commodities within the 2014 fiscal period, figures obtained from the Nigerian Export Promotion Council have revealed.
CBN RULES OUT NAIRA DEVALUATION, RETAINS MPR AT 13%
The Monetary Policy Committee of the Central Bank of Nigeria on Friday retained the Monetary Policy Rate at 13 per cent with a corridor of +/- 200 basis points around the midpoint.
It also ruled out the possibility of devaluing the nation’s currency following the recent pressure on the naira from the foreign exchange market.
It also ruled out the possibility of devaluing the nation’s currency following the recent pressure on the naira from the foreign exchange market.
NIGERIA SPENT N1.18TN ON FOOD IMPORTS, BANNED ITEMS IN 17 MONTHS
Nigeria spent a total of N1.18 trillion (about $7.4 billion) on the importation of toothpicks, fish, milk, textiles, rice and furniture between 2014 and May 2015, it was gathered.
According to figures obtained from the Central Bank of Nigeria (CBN), fish imports gulped $1.39 billion while milk and rice imports accounted for $1.33 billion and $51 million respectively.
UNINTENDED FALLOUT OF PUBLICATION OF BANKS DEBTOR LISTS MAY JOLT ECONOMY – LEMO
Former Deputy Governor, Central Bank of Nigeria and Chairman, Lambeth Trust and Investment Company Limited, Mr. Tunde Lemo, in this interview with Festus Akanbi, speaks on issues ranging from life after his exit from the apex bank, trends in the banking sector, including the planned publication of lists of delinquent debtors of banks and outlook of the Nigerian economy in the second half of the year
Subscribe to:
Posts (Atom)