• cbn

    What is the meaning of CBN “Floats” The Naira?

    Lots of business people expected the devaluation of the Naira by the CBN but the apex bank decided to abandon its fixed rate policy in favour of a flexible and multiple market model, which implied a floating exchange rate regime. So what does it mean to “Float” the exchange rate? According to Vanguard Newspaper “By the new exchange rate regime, CBN ...
  • unemp-q1-2016-info2

    Nigeria has more Unemployed Women than Men

    By James O. James The Nigerian National Bureau of Statistics has released an unemployment and underemployment report for the first quarter of 2016. According to the report “In Q1 2016, the labour force population (i.e. those within the working age population willing, able and actively looking for work) increased to 78.4 million from 76.9million in Q4 2015, representing in an ...