The Central Bank of Nigeria (CBN) says the naira is one of the strongest currencies in the world, urging Nigerians| Nairametrics
The naira ended the week on a slightly weaker note in the parallel market, trading at N1,560/$1 on Friday. This| Nairametrics
Nigeria's foreign exchange (FX) reserves have witnessed a significant downturn, plunging by approximately $2.16 billion in 29 days, amidst the| Nairametrics
In a concerning forecast by the International Monetary Fund (IMF), Nigeria's foreign reserve is expected to see a significant reduction,| Nairametrics
Nigeria spent about 50% of its dollar payments to service external debts between January and October 2023, a significant portion| Nairametrics
The World Bank has faulted the Central Bank of Nigeria’s (CBN) Open Market Operations (OMO) policy, calling for adjustments to| Nairametrics
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has addressed concerns over the declining external reserves, maintaining| Nairametrics