
The Nigerian currency, the naira, gained about N37 in the last 10 days, making dollar hoarding risky, as the Central Bank of Nigeria (CBN) continues to intervene.
The Nigerian currency, the naira, gained about N37 in the last 10 days, making dollar hoarding risky, as the Central Bank of Nigeria (CBN) continues to intervene.
"President Bola Tinubu has received its biggest boost as Nigeria's crude oil production rises to a three-month high, with oil prices nearing $100 per barrel.
Nigeria's foreign reserves have kicked off September on a low as it sheds over $180 million in six days amid ongoing efforts by CBN to help naira.
Fitch said CBN's most recent release of consolidated financial records to the end of 2022 revealed that the net reserve position might not be as strong.
The Central Bank of Nigeria has debited commercial banks about N216 billion cash for the month of June primarily from Cash Reserve Ratio (CRR) of the banks.
The Nigerian currency, the naira, staged a massive showing against the US dollar on Wednesday, September 6, after the tribunal delivered a landmark judgment.
National Bureau of Statistics has revealed that Nigerians faced higher cooking expenses in April as the cost of refilling a 5kg cylinder and also 12.5kg jumps.
The Chairman of United Bank for Africa and Heirs Holdings, Tony Elumelu, has asked Indian investors to come to Nigeria for investment as it has a vast population.
The National Bureau of Statistics has provided a breakdown of Nigerian foreign trade, including imports and the countries buying made in Nigerian products.
President Tinubu has secured investment pledges worth $14bn from Indian investors in critical sectors including power, steel and infrastructure development.
Economy
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