Tag: Fiscal discipline

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The Alliance for Economic Research and Ethics (AERE) has warned that the naira’s rebound could falter if rising debt and weak fiscal discipline persist. It raised the concern in a statement issued on Wednesday, February 25 and signed by its chairman, Dele Kelvin Oye. The group said that while the naira’s recovery from over ₦1,600 to …

Nigeria’s external reserves have witnessed a surge in recent times, reaching a seven-year high of $46.7 billion as of November 14. According to the Central Bank of Nigeria (CBN), the figure can provide 10.3 months of import cover in goods and services. The CBN Governor, Olayemi Cardoso, hinted at this at the 20th Anniversary of …

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