Dave Ibemere
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Nigerians are taken to social media to rejoice that the price of a bag of rice has dropped from as high as N80,000 to N60,000, and traders have reacted.
The Central Bank of Nigeria (CBN) has continued its policy changes as it seeks to find solutions to Nigeria's economy. This time, it is directed towards banks.
A new report has shown that more Nigerians have lost their status as dollar millionaires, while South Africa has the highest number of millionaires in dollars.
The Nigerian currency, the naira, depreciated against the US dollar for the first time in days amid concerns about the depletion of the foreign exchange market.
The Central Bank of Nigeria has revealed that Nigeria's foreign reserves have dropped to the lowest level in seven years amid a rise in the value of the naira.
Some filling stations have started reducing petrol prices as the naira strengthens against the US dollar, offering hope to Nigerians battling with inflation.
The Central Bank of Nigeria remains determined to help the naira value in the official and unofficial market by increasing the foreign exchange market.
The federal government has asked oil producing companies in Nigeria to sell crude oil in naira to Dangote and other refineries in a big boost to Nigerian currency.
The Central Bank of Nigeria has sent messages to bank customers, educating them on the efforts that must be taken to protect bank accounts from fraudsters.
Dave Ibemere
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