Finance & Economy
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Nigeria’s Naira Falls to Record Low in Parallel Market
Nigeria’s Naira Falls to Record Low in Parallel Market Drop fueled by increased demand for dollars “While we’re still fine-tuning…
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Nigeria Braces for Jumbo Rate Hike at First Meeting Since July
Rate increase of up to 500 bps seen at Feb. 26-27 gathering Cardoso expected to clarify central bank’s position on…
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FX: LCCI Tasks CBN On Building Market Confidence Around Free Pricing
The Lagos Chamber of Commerce and Industry, LCCI, has tasked the Central Bank of Nigeria, CBN, to build market confidence…
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Addressing Nigeria’s Forex Liquidity Challenge
Postscript by Waziri Adio Nigeria has a foreign exchange liquidity challenge crying for urgent, nuanced and sustainable solutions. To be…
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Positive momentum: NGX records impressive 13.8% weekly surge, closing with a 2.87% gain
On the last trading day of the week, the NGX All-Share Index recorded a 2.87% gain as it appreciated by…
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Nigeria’s External Debt Service Cost Increased by 74% YoY to USD1.4bn in Q3 2023
Nigeria’s total external debt service payments increased by 74% y/y to almost USD1.4bn in Q3 ’23, according to data from…
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Nigeria’s Retail Banks Can Fend off Fintechs With Regulation And Infrastructure Development
In a report released in January 2024, S&P Global Ratings said that financial technology (fintech) will close the gap of…
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CBN is still short of the amount needed to clear forex backlog – Fitch Ratings
Credit ratings agency Fitch stated on Thursday that the CBN continues to face a shortage of foreign exchange to clear the…
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2024 Economic Outlook: Bismark Rewane Harps on Sequential Policy Reforms for Nigeria’s Economic Stability
Nigeria’s fiscal and monetary policy reforms must be sequenced to achieve economic stability in 2024 and beyond. This will require…
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With Naira Sinking, Nigeria in Talks for Up to $1.5 Billion of Aid
Nigeria may also issue eurobond in late 2024: finance minister Country’s economic reforms deserve support, Wale Edun says Nigeria is…
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