Nigeria in 1min: Economic, Business & Financial Headlines – 220616

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• Nigeria’s Economic Crisis Worsens – BBC | SIRKENAYO™

  Nigeria might be the richest economy in Africa but that does not impress hard-nosed investors who buy and sell shares at the local stock exchange. The West African financial market had another losing day today, closing at its lowest level for more than three years, down 2.5%. Investors are growing...

• Yuan/Naira Deal will reduce Nigeria’s liquidity pressure — Chukwu - Vanguard News

  Mr. Johnson Chukwu, the Managing Director/CEO, Cowry Assets Management Limited,is an investment banker and key player in the capital market with specialisation in oil and gas, bonds and equity and other financial instruments. In this interview, Chukwu warns that the currency swap policy with China...

• Banks reduce lending, place excess cash with CBN to earn interest | Nigerian Tribune

  Due to uncertainties in the business and economic environment, fresh facts emerged over the weekend that Deposit Money Banks (DMBs) are not willing to lend to each other and to the real sector of the economy, preferring to place their excess liquidity with the Central Bank of Nigeria (CBN) for...

• The "Better Than Cash Alliance" Has An Orwellian Plan | Zero Hedge

  Submitted by Seth Mason The "Better Than Cash Alliance" Has An Orwellian Plan In the fall of 1910, under the pretense of a duck hunting trip, a group of powerful bankers, political figures, and businessmen met at Jekyll Island, GA to plan the creation of a central bank for the United States. The...

• Kemi Adeosun: We Inherited An Empty Treasury, Need To Diversify Economy | Sahara Reporters

  Finance Minister Kemi Adeosun has stated that President Muhammadu Buhari's administration inherited an “empty treasury”. Ms. Adeosun made the statement while discussing the state of the Nigerian economy on Channels TV on Thursday morning. The Finance Minister explained that poor management of the...