
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.
About 10 countries in Africa have emerged as top destinations for foreign investors, with Egypt, South Africa and Ethiopia leading the pack on the continent.
The Nigerian Exchange Limited (NGX) Banking Index increased by 54.08 percent. Year-till-Date following President Tinubu's economic reforms on naira unification
According to information from the World Bank's website's Summary Statement of Loans, Credit, and Grants, Nigeria has a $8.6 billion unpaid World Bank loan.
The Nigerian government has revealed that the cost of borrowing from the Central Bank of Nigeria is higher than borrowing from China, World Bank and others.
The Dangote conglomerate remitted a total of N474 billion in the last three years to the Nigerian government, with Dangote Cement paying the largest amount.
The administration of President Bola Tinubu could be forced to change its stance on no petrol price increase as the global crude oil price hits a new high.
Former Emir of Kano Muhammadu Sanusi II said naira would most likely hit N1,500 per dollar if the CBN considers printing more naira to solve Nigeria’s problem.
Data from the Central Bank of Nigeria (CBN) shows that foreign investors and companies repatriated over $5.13 billion from the Nigerian economy in six months.
President Bola Tinubu's plans to use security agencies to recover the Anchor Borrowers Loan Scheme has been supported by All Farmers Association of Nigeria.
Economy
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