Senate Oppose Law to Jail FOREX Hoarders, Says Law Will Distract Foreign Investors

nt, LAGOS NOVEMBER 22ND (URHOBOTODAY)-Senate on Monday vowed to oppose recommendation by the Nigerian Law Reform Commission for a review of the Nigerian Foreign Exchange Act in order to empower the Central Bank More...

Nigeria’s Economy Defying Currency Critics Chokes Growth

LAGOS OCOBER 30TH (URHOBOTODAY)-Nigeria’s economy is growing at the slowest pace this decade as oil prices drop. Companies are complaining they can’t get the dollars they need to do business. And trading in More...

Buhari Goes From Nigeria’s Change Champion to ‘Baba Go Slow’

Buhari LAGOS JULY 2ND (URHOBOTODAY)-Nigerian President Muhammadu Buhari took office a month ago on a wave of hope that he would quickly deal with a deepening economic crisis and an Islamist insurgency in the north. More...

Nigeria’s Woes Deepen as Central Bank Missteps on Currency

EMEFIELE LAGOS FEBRUARY 7TH (URHOBOTODAY) — As if the collapse in crude prices, forthcoming elections and an Islamist insurgency weren’t enough, investors in Nigeria have another matter to worry about: More...