5/11/2017

Soludo says Nigeria’s official exchange rate ‘redundant’

A former governor of the Central Bank of Nigeria, Charles Soludo, on Wednesday said the bank’s official exchange rate of N306 to the dollar has become redundant.
Mr. Soludo said this in a keynote address at the eight annual Pan-Africa Investor Conference organised by Renaissance Capital, an international investment bank, in Lagos.

Court of Appeal reverses conviction of ex-NIMASA DG

The Court of Appeal in Lagos on Thursday reversed the sentence on Raymond Omatseye, a former Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) on allegations of N1.5 billion fraud.