Skip to main content

Nigeria population figures not accurate-UNFPA

The United Nations Population Fund's (UNFPA) Assistant Representative in Nigeria, Osaretin Adonri, has said the Nigerian population figures are speculative, projected and not accurate. The country is long overdue for a census, which would dismiss the catalogue of speculative population figures.  The 2006 population census conducted puts Nigeria’s population at 140,003,542 while the National Bureau of Statistics (NBS) 2012 data estimated Nigeria’s population to be 166.2 million. “Nigeria needs a census for population accuracy and effective planning,” Adonri said.  According to the UNFPA 2019 State of the World Population report, Nigeria’s population has increased to 201 million, having grown at average rate of 2.6 per cent from 2010 to 2019. Credit: Financial Nigeria
Post a Comment

CBN intervenes in Retail SMIS with $279.13m, CNY 46.92m

The Central Bank of Nigeria (CBN) has again made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the Foreign Exchange market totaling $279.13 million and CNY 46.92. 
Figures of the sales consummated on Friday, February 8, 2019 revealed that the sum of $279,128,518.66 was injected to meet requests of customers in the agricultural, airlines, petroleum products and raw materials and machinery sectors. 
The Bank’s Director, Corporate Communications Department, Isaac Okorafor also confirmed that the sum of CNY46,924,114.04 was for payment of Renminbi-denominated Letters of Credit for agriculture as well as raw materials. 
Friday’s transaction was in addition to the $210 million injected into the Wholesale, Small and Medium Enterprises, and Invisibles segments of the market on Tuesday, February 5, 2019. 
While expressing the satisfaction of the Bank’s management at the stability in the different segments of the foreign exchange market, Okorafor attributed the level of stability to the Bank’s transparency in foreign exchange transactions. 
With the exchange rates closing at N358/$1 on Friday, February 8, 2019,  Mr. Okorafor, expressed confidence that the Naira will continue to enjoy stability, given the periodic interventions of the Bank in the inter-bank segment.
credit:proshareng

Labels:

Comments

Post a Comment

Popular posts from this blog

Fellaini claims he didn't leave Man Utd for the money

Fellaini is reported to have penned a lucrative contract in China, a matter of months on from agreeing to a new two-year deal at United, but he maintains finances have never influenced his thinking. Every decision one makes should not be influenced by money. The Belgian midfielder says he has headed to China for a new challenge and the desire to make fresh start. Read more  Fellaini claims he didn't leave Man Utd for the money & would likely have stayed under Mourinho
1 comment
Continue reading

Getting Started

It is a good thing to conceive an idea but it is far better not to conceive at all than do nothing with the idea conceived. It is not enough to keep dreaming, you need to act.  The journey of thousand miles they say begins with a single step. Take the step now . Launch that idea. People are waiting to benefit from your ideas, do not make them wait longer. Launch it!!! No matter how small or big it is, just start and know that you can do it. Take a step of success today.
1 comment
Continue reading

Nigeria Economy is recovering - IMF

Photo credit: gurdianng - According to the report of the IMF 2019  Article IV consultation with Nigeria, the Nigerian economy is recovering. - The Executive Board of the  International Monetary Fund (IMF) concluded Article IV consultation on March  27, 2019. The Executive board reports that - Real GDP increased by 1.9% in 2018, up from 0.8% in 2017 as a result improvements in manufacturing and services, supported by spillovers from higher oil prices, ongoing convergence in exchange rate and strides to improve business environment. - Headline inflation fell to 11.4% at the end of 2018 as a result of declining food price inflation, weak consumer demand, relatively stable exchange rate and tight no monetary policy during most of 2018, but remains outside the central bank's 6-9%. - Holdings of mostly short-term equity and local debt. - Current account surplus. - Gross international reserves got to its peak in April 2018. - However, the economy growth is...
Post a Comment
Continue reading