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The CBN has managed to hold reserves broadly stable, with a downward bias amounting to a fall of USD1.18bn over six months.
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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.”
A large portion of Nigeria’s forex earnings is derived from crude oil and low oil prices caused by a supply glut and lowered demand...
Dangote said the devaluation “is not going to affect our target regardless of the dollar exchange rate.
The spokesman said the company has contacted the leadership of the impacted unions to negotiate a redundancy package for the affected workers.