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Foreign investors in Nigeria are concerned that measures taken by the central bank to prevent speculation against the falling naira will hinder their ability to sell investments in the country.

A former Governor of Kaduna State and leader of the Conference of Nigerian Political Party, Balarabe Musa, on Saturday said the future of Nigeria under the President Goodluck Jonathan-led government is gloomy. Musa noted that the way the Nigeria was being governed showed that Jonathan was incapable of running the affairs of the country. He...  [Read More...]

Twenty-one African countries including Zimbabwe, Niger, Benin Republic and Djibouti are more prosperous than Nigeria, the 2014 Legatum Prosperity Index, has said. According to the report released recently by the Legatum Institute, the index of 142 countries defines “prosperity as a combination of wealth and wellbeing.” The report ranks Nigeria 125th among the 142 countries...  [Read More...]

The Minister of Agriculture and Rural Development, Dr. Akinwumi Adesina, has said that President Goodluck Jonathan’s administration has attracted $4bn private sector investments in agriculture in the last two years. Adesina, who stated this in Abuja on Friday, faulted a statement credited to a former Minister of Agriculture, Alhaji Adamu Bello, on the achievements of...  [Read More...]

Nigerian foreign-currency dealers halted trading after the central bank changed rules on how many dollars can be held at the end of the day to limit speculating against the plunging naira.

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