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The country is asking for financial help to overcome a crisis that could sink an extra 7 million people into poverty.
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On May 21, 2024, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) concluded its 295th meeting with a pivotal decision:...
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The Federal Government of Nigeria recently announced a $3.5 billion agreement with the African Export-Import Bank (Afreximbank). This deal aims to enhance the textile...
The country is asking for financial help to overcome a crisis that could sink an extra 7 million people into poverty.
Travel allowances are a major component of Nigeria’s dollar utilization.
Finance Minister, Zainab Ahmed had said after assessing the gains of the closure, the committee recommended to the president to reopen the borders.
The CBN has managed to hold reserves broadly stable, with a downward bias amounting to a fall of USD1.18bn over six months.
Checks also showed that an Azman Air Lagos-Kano economy flight ticket that used to cost N30,000 now goes for N55,000
As part of the fallout of the meeting, a technical committee has been set up to ensure price stability in the industry.
Total export (N2.99 trillion) was 34.85% higher in Q3 2020 than N2.22 trillion recorded in Q2 2020, but 43.41% less than in N5.29 trillion...
Monthly disbursement dropped by 6.2% compared to N682.1 billion shared in September and 5.4% decline compared to N676.4 billion shared in August 2020.
The essence of the fund is to drive superior value for investors in terms of investment yields.
“Millions of jobs have been lost. Consumer demand and business investments have declined. With huge fiscal stimulus packages, interest rates are at all-time lows.”