stabilise

Only rotational presidency will stabilise Nigeria – Arise

August 28, 2019 10:13 am

Senator Ayo Arise who represented Ekiti North district between 2007 to 2011 believes that only a rotational presidency arrangement would stabilize the nation. In this interview, he spoke on various issues including the deteriorating security situation in the country.

What are your reflections on the deteriorating security situation in the country especially with regards to the promise by your party, the APC to make the country secure?

The security challenges the nation is facing now is not about the party; I feel that it should be of great concern to all Nigerians; whether you are in party A or …

$48b forex inflows, $45b reserves stabilise naira

June 6, 2019 12:06 am

Rising dollar inflows through the Investors’ and Exporters’ (I&E) Forex Window and foreign reserves accretion have stabilised the naira in the official and parallel markets.

The I&E Forex Window has attracted $48 billion to the economy in 24 months, the Central Bank of Nigeria (CBN) showed in its updated report on the dollar inflows.

The report also showed that foreign reserves have risen to $45 billion.

With improved availability of foreign exchange, the exchange rate at the I&E Forex window has remained stable over the past two years at an average of N360/$, and the parallel market exchange rate has …