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Nigerian currency traders are refusing to show rates to sell the U.S. dollar after the CBN vowed to crack down on speculators.

he president made these pronouncements via a series of tweets published on Thursday night via his twitter handle.

The market was brought to its knees as coronavirus pandemic outweighed a $2 trillion U.S. stimulus package passed by the American Senate yesterday.

With an unassuming personality, Godwin Emefiele controls the monetary policies of Nigeria and on his judgment, depends the economic destiny for Nigeria.

Most Nigerian tech startups face a dire future and how they manage through this unprecedented crisis could determine whether to survive or die.

The Central Bank of Nigeria has disclosed the guidelines that must be followed by individuals and companies to access the N50billion tarheted credit facility  for households and Small and Medium Enterprises that are badly hit by COVID-19. 

Nairametrics Research Team learnt that despite the ban on the importation of foreign-made rice, some Nigerian traders are still importing foreign rice into the country.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has held the Monetary Policy Rate (MPR) constant at 13.5%.

Latest data obtained from the CBN reveals that Nigeria paid a whopping sum of $4.45 billion as external debt service/payment in the first two months of 2020.

Diversification of Nigeria’s economy is believed to be the only viable way to survive the current environment of global economic uncertainty.