CBN to clear FX backlog as dollar inflow increases
The Central Bank of Nigeria (CBN) will clear all outstanding foreign exchange obligations owed in forward contracts in the next
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Economy
Nigeria’s Central Bank formalizes dollar sales to BDCs
The Central Bank of Nigeria (CBN) has formalised dollar sales to Bureau De Change (BDCs) operators after a three-year break
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CBN caps import duty exchange rate computation; CPPE commends intervention
The Central Bank of Nigeria (CBN) has advised the Nigeria Customs Service (NCS) to adopt the closing forex rate on
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Lagos civil servants to work from office 3 days a week; 25% cut in public transport
Governor Babajide Sanwo-Olu has said that Lagos State civil servants from Levels 1 to 14 will come to work physically
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“We should realize naira is tumbling because we have not been producing for years.”_ Utomi
Pat Utomi, Nigerian politician and professor of political economy has said that the loans that are being taken by the
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Naira may further depreciate 35% in 2024 due to production challenges_ IMF warns
The International Monetary Fund (IMF) has warned that the country’s exchange rate may depreciate further by about 35 percent this
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Niger defaults again on debt payments; total default post-coup is $519m
Niger missed a debt payment of 13.4 billion CFA francs ($22m) last week, the West African debt management agency said
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Edun says FG to audit N23 trillion Ways and Means debt
Nigeria’s government says it will audit the N23 trillion Ways and Means debt credited to the federal government. The Minister
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Customs to distribute seized food items to Nigerians as palliative to cushion economic hardship
As a result of the impact of scarcity and souring prices of staple foods on many households in Nigeria owing
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“…we sit on a keg of gunpowder, having teeming youths, millions of them, without jobs, without food, we are looking for trouble”_ Sultan of Sokoto
The Sultan of Sokoto and Chairman of Northern Traditional Rulers’ Council (NTRC), Alhaji Muhammad Sa’ad Abubakar III, on Wednesday, said
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