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Home Digital Media

1 Billion Dollars coming into Nigeria and why you should bet on the Naira

Nairametrics by Nairametrics
March 12, 2024
in Digital Media, Money Metro, Podcast
Follow the Money, Ugodre

Follow the Money

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In today’s edition of Follow The Money with Ugodre, we dive deep into the dynamics surrounding the dollar, with the CBN reporting an influx of over 1 billion dollars into the economy for the month of February alone.

Additionally, our host also analyzed the ongoing upward trend in interest rates. More insights were given on the current NBS data on importation bill, which uncovered the significant expenditure Nigeria allocated to imports in the past year. Meanwhile, the stock market experiences a bullish run, presenting intriguing opportunities for investors.

Recommended reading: NGX records single day turnover of N17.1 billion as bullish run continues

For more invaluable insights, be sure to tune in to this week’s episode of Follow the Money on Spotify and all other podcast platforms.

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Tags: Follow the money
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Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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