The immediate effect of CBN’s naira redesign is unfolding
As Nigeria battles with a crashing local currency, the International Monetary Fund (IMF) has warned that dollarisation is hard to revert
As Nigeria battles with a crashing local currency, the International Monetary Fund (IMF) has warned that dollarisation is hard to revert
This was disclosed in a statement issued on the AfDB's website and seen by Nairametrics
The rapid depreciation of Nigeria’s local currency will likely cause inflation
The African Development Bank (AfDB) has signed an agreement with First City Monument Bank (FCMB) for a 50-million-dollar line of...
Since the CBN announced that it was redesigning N200, N500 and N1000 notes, there has been a significant increase in...
Market participants tend to protect themselves by preferring to hold dollars under high and persistent inflation environments
The bank PTA/BTA requests would be reduced to twice a year starting from next year
The IMF disclosed this in a blog post examining the potential consequences of dissolving global trade links
He chastised speculators who have claimed that investors would lose their money due to the impending loan deal with the...
The plunge was attributed to a spike in dollar demands prompted by CBN’s plan to redesign the naira
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