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External reserves decline by over 8%, despite lower FX demand
Nigeria’s external reserves have continued to decline unabated as it shed $3.33 billion within the last 3 months.
OPEC, allies plan biggest oil cut ever
OPEC and other oil-producing countries are working on a deal for an unmatched production cut equivalent to about 10% of global supply,
CBN temporarily suspends settlement of failed Visa and Verve card transactions
The Central Bank of Nigeria (CBN) has directed Interswitch to suspend refund activities for failed Visa and Verve card transactions, pending the duration of the lockdown that was recently declared by President Muhammadu Buhari.
Naira slumps further against US Dollar at ₦412/$1
Naira continues on its downward slide against major currencies of the world as it dipped further against the US dollar to stand at an average of $1/N412.
Berger Paints supports Lagos to combat coronavirus
Berger Paints has announced its support for the Lagos State Government in the fight against coronavirus.