We Will Ensure Nigeria Doesn't Depend On Oil Again- Buhari

 
President Muhammadu Buhari has, at the U.S.-Africa business forum, said that his administration would ensure that “Nigeria does not slip back into a lazy and dangerous dependence on the price of crude oil” again.

SANUSI BACKS ASSETS SALE, CBN ON INTEREST RATE

The Emir of Kano, Muhammadu Sanusi II, on Wednesday joined the list of eminent Nigerians calling for sale of state assets to get the much-needed foreign exchange and shore up the nation’s fast-depleting external reserves.

EXCHANGE RATE: NAIRA TUMBLES TO 428 AFTER MPC DECISION

The naira tumbled against the United States dollar to 428 on Wednesday, down from 424 on Tuesday, as persistent dollar shortage continues to weigh on the economy.

The major decline in the local currency against the greenback came a day after the Central Bank of Nigeria’s Monetary Policy Committee retained the benchmark lending rate at 14 per cent.

RECESSION: THIS IS THE BEST TIME TO INVEST, SAYS BUHARI

President Muhammadu Buhari has told potential foreign investors that the current economic challenge the country is facing has opened a vista of investment opportunities even as he boasted that Nigeria remains the number one investment destination in Africa.