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href="/web/20160731200206/http://www.africanoutlookonline.com/index.php" class="pathway">Home</a> » <span>Economy</span></div> </div> </div> </div> </div> </div> </div> <div id="tmp-container"> <div id="content-handler" class="container1"> <div id="main-content-handler"> <div class="row-fluid"> <div class="span12"> <div id="maincontent"> <div class="blog" itemscope itemtype="http://schema.org/Blog"> <div class="page-header"> <h1> Business, Economy, Money & Investment News </h1> </div> <div class="category-desc clearfix"> </div> <div class="items-leading clearfix"> <div class="leading-0" itemprop="blogPost" itemscope itemtype="http://schema.org/BlogPosting"> <h2> <a href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/economy/8944-falling-reserves-cbn-ousts-importation-of-generators-others-from-official-forex"> Falling Reserves: CBN Ousts Importation of Generators, Others From Official Forex</a> </h2> <ul class="actions"> <li class="email-icon"> <a href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/component/mailto/?tmpl=component&template=simplycity2&link=0b88ffdab6c7e2ac51e9797a765e816b9ddbfc79" title="Email" onclick="window.open(this.href,'win2','width=400,height=350,menubar=yes,resizable=yes'); return false;" rel="nofollow">Email</a> </li> </ul> <h1> <span style="font-size:36px;"><span style="font-family: verdana,geneva,sans-serif;"><img id="irc_mi" src="https://web.archive.org/web/20160731200206im_/http://dailypost.ng/wp-content/uploads/2014/02/Godwin-Emefiele.jpg" style="width: 227px; height: 285px; float: left;"/>Falling Reserves: CBN Ousts Importation of Generators, Others From Official Forex</span></span></h1> <h2> <span style="color:#ff0000;">Naira depreciation worsens, loses 285k in interbank</span></h2> <h2> <span style="color:#ff0000;">Investors lose N1trn in four days on NSE</span></h2> <p> Determined to stem the continued decline in the nation鈥檚 external reserves, the Central Bank of Nigeria, CBN, yesterday excluded importation of generators and some items from purchase of foreign exchange from the official foreign exchange market.</p> <div class="jcomments-links"><a class="readmore-link" href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/economy/8944-falling-reserves-cbn-ousts-importation-of-generators-others-from-official-forex" title="Falling Reserves: CBN Ousts Importation of Generators, Others From Official Forex">Read more ...</a> </div> <div class="item-separator"></div> </div> </div> <div class="items-row cols-2 row-0 row-fluid clearfix"> <div class="span6"> <div class="item column-1" itemprop="blogPost" itemscope itemtype="http://schema.org/BlogPosting"> <h2> <a href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/economy/8917-group-partners-osun-government-on-industrialization-of-ijesaland"> Group Partners Osun Government on Industrialization of Ijesaland</a> </h2> <ul class="actions"> <li class="email-icon"> <a href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/component/mailto/?tmpl=component&template=simplycity2&link=26a5f3efe5ecb6038cc2ade616e150376a05e12d" title="Email" onclick="window.open(this.href,'win2','width=400,height=350,menubar=yes,resizable=yes'); return false;" rel="nofollow">Email</a> </li> </ul> <h1> <span style="font-size:54px;"><span style="font-family: verdana,geneva,sans-serif;"><img alt="" src="/web/20160731200206im_/http://www.africanoutlookonline.com/images/stories/gov_rauf_aregbesola.jpg" style="float: left;"/>Group Partners Osun Government on Industrialization of Ijesaland</span></span></h1> <h3> <span style="color:#ff0000;">By AfricanOutlook Reporter</span></h3> <p> Ijesaland Development Foundation (IDF), a Non-Government Organisation is to partner with the Osun State Government  to explore a summit which aimed on the industrialization of Ijesaland located in Osun State.</p> <div class="jcomments-links"><a class="readmore-link" href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/economy/8917-group-partners-osun-government-on-industrialization-of-ijesaland" title="Group Partners Osun Government on Industrialization of Ijesaland">Read more ...</a> </div> <div class="item-separator"></div> </div>  </div> <div class="span6"> <div class="item column-2" itemprop="blogPost" itemscope itemtype="http://schema.org/BlogPosting"> <h2> <a href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/economy/8466-vehicle-prices-rise-as-70-tariff-kicks-off-july-1-in-nigeria"> Vehicle Prices Rise as 70% Tariff Kicks Off July 1 in Nigeria</a> </h2> <ul class="actions"> <li class="email-icon"> <a href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/component/mailto/?tmpl=component&template=simplycity2&link=cfffcef3b87578e04dcc5542b9b7d15576164420" title="Email" onclick="window.open(this.href,'win2','width=400,height=350,menubar=yes,resizable=yes'); return false;" rel="nofollow">Email</a> </li> </ul> <h1> <strong><span style="color:#ff0000;"><span style="font-size: 54px;"><span style="font-family: verdana,geneva,sans-serif;"><img id="irc_mi" src="https://web.archive.org/web/20160731200206im_/http://www.afroautos.com/wp-content/uploads/2014/01/Used-Cars-Auction.jpg" style="width: 427px; height: 285px; float: left;"/>Vehicle Prices Rise as 70% Tariff Kicks Off July 1 in Nigeria </span></span></span></strong></h1> <p>  </p> <p> <strong>From Monday, a new car that was sold for <span data-scayt_word="N3" data-scaytid="1">N3</span> million before the Federal Government introduced the new automotive policy may now cost N5.1 million.  The full implementation of the policy which begins Tuesday (July 1) has put 70 per cent tariff on vehicles.</strong></p> <div class="jcomments-links"><a class="readmore-link" href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/economy/8466-vehicle-prices-rise-as-70-tariff-kicks-off-july-1-in-nigeria" title="Vehicle Prices Rise as 70% Tariff Kicks Off July 1 in Nigeria">Read more ...</a> </div> <div class="item-separator"></div> </div>  </div> </div> <div class="items-row cols-2 row-1 row-fluid clearfix"> <div class="span6"> <div class="item column-1" itemprop="blogPost" itemscope itemtype="http://schema.org/BlogPosting"> <h2> <a href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/economy/8714-west-africa-must-confront-political-weaknesses-to-curb-drugs-trade-obasanjo"> West Africa Must Confront Political Weaknesses to Curb Drugs Trade: Obasanjo</a> </h2> <ul class="actions"> <li class="email-icon"> <a href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/component/mailto/?tmpl=component&template=simplycity2&link=432402529289390c0354c6042184530f12bb29d2" title="Email" onclick="window.open(this.href,'win2','width=400,height=350,menubar=yes,resizable=yes'); return false;" rel="nofollow">Email</a> </li> </ul> <h1> <span style="color:#ff0000;"><span style="font-size: 48px;"><span style="font-family: verdana,geneva,sans-serif;"><strong><img alt="" src="/web/20160731200206im_/http://www.africanoutlookonline.com/images/stories/obasanjor.jpg" style="width: 345px; height: 285px; float: left;"/>West Africa Must Confront Political Weaknesses to Curb Drugs Trade: <span data-scayt_word="Obasanjo" data-scaytid="1">Obasanjo</span></strong></span></span></span></h1> <p>  </p> <p> <strong>ACCRA (Reuters) - West Africa must openly confront its political and governance weaknesses to curb the growing drug trade in the region, former Nigerian President <span data-scayt_word="Olusegun" data-scaytid="3">Olusegun</span> <span data-scayt_word="Obasanjo" data-scaytid="2">Obasanjo</span> said on Wednesday.</strong></p> <div class="jcomments-links"><a class="readmore-link" href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/economy/8714-west-africa-must-confront-political-weaknesses-to-curb-drugs-trade-obasanjo" title="West Africa Must Confront Political Weaknesses to Curb Drugs Trade: Obasanjo">Read more ...</a> </div> <div class="item-separator"></div> </div>  </div> <div class="span6"> <div class="item column-2" itemprop="blogPost" itemscope itemtype="http://schema.org/BlogPosting"> <h2> <a href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/economy/8461-why-africa-must-be-at-heart-of-global-tax-reforms"> Why Africa Must be at Heart of Global Tax Reforms</a> </h2> <ul class="actions"> <li class="email-icon"> <a href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/component/mailto/?tmpl=component&template=simplycity2&link=2312d950174a3b29316bb56c8f9d8c4ab2e3b692" title="Email" onclick="window.open(this.href,'win2','width=400,height=350,menubar=yes,resizable=yes'); return false;" rel="nofollow">Email</a> </li> </ul> <h1> <span style="font-size:48px;"><span style="font-family: verdana,geneva,sans-serif;"><strong><img id="irc_mi" src="https://web.archive.org/web/20160731200206im_/http://2.vsr.vz.tl/assets/images/cached/Gswco0-360.jpg" style="width: 506px; height: 285px; float: left;"/>Why Africa Must be at Heart of Global Tax Reforms</strong></span></span></h1> <h2> <span style="color:#ff0000;"><strong>Illicit financial flows deprive Africa of billions of dollars each year, more than is received in overseas development aid or foreign direct investment combined.</strong></span></h2> <p>  </p> <p> By Kenneth Kazibwe</p> <p> <strong>The UN High-level Panel on Illicit Financial Flows is charged with developing recommendations to end this flight of much-needed capital from Africa.</strong></p> <div class="jcomments-links"><a class="readmore-link" href="/web/20160731200206/http://www.africanoutlookonline.com/index.php/economy/8461-why-africa-must-be-at-heart-of-global-tax-reforms" title="Why Africa Must be at Heart of Global Tax Reforms">Read more ...</a> </div> <div class="item-separator"></div> </div>  </div> 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