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According to Abokifx, the Naira appreciated against the dollar to close at N478/$1 on Wednesday.
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According to Abokifx, the Naira appreciated against the dollar to close at N478/$1 on Wednesday.
Travel allowances are a major component of Nigeria’s dollar utilization.
Nigerian Stocks ended the mid-week trading session on a slightly bearish note, amid falling oil prices prevailing at the U.S trading session.
Finance Minister, Zainab Ahmed had said after assessing the gains of the closure, the committee recommended to the president to reopen the borders.
The Chairman of the NPC said, “in the absence of actual census, we formally do projections ... and we estimate that as of 2020,...
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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.