Nigeria’s naira is on the brink of breaching 1,000 per dollar after falling to an official record low of 999 last week, Refinitiv data showed, tracing its weakness on the unofficial market where it trades […]
By Marvellous Nyang Finance Minister, Wale Edun, says Nigeria expects $10 billion in new foreign currency inflows in the next few weeks to ease liquidity in the foreign exchange market. Edun who disclosed this in […]
Nigeria’s central bank has said that it plans to intervene in the country’s foreign exchange market occasionally to boost liquidity, while ending an eight-year ban on 43 items that had been restricted from accessing forex […]
The Bank of Israel said it will sell up to $30 billion of foreign currency in the open market, the central bank’s first-ever sale of foreign exchange, to maintain stability during the war with Palestinian militants […]
The Central Bank of Nigeria’s (CBN) efforts towards actualising $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years have been given a major boost with a recently held workshop […]
• Advises CBN to review strategy, synergize, to make naira exchange rate reflect market reality BACKGROUND Against the viral media reports of a section of the media interpreting the position of Nigeria’s Vice President, Prof […]
• As VP narrates how Buhari’s ESP post-Covid-19 stimulus rescued economy, safeguarded jobs • Wants CBN, commercial banks to ensure speedy release of structured lending Nigeria’s Vice President, Prof Yemi Osinbajo, SAN, has urged the […]
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