The Chinese have always done their lending on the idea that individual projects contribute to structural transformation and economic development.
As part of the FG efforts to diversify the economy away from volatile oil revenue, it inaugurated the Ajaokuta Presidential Project Implementation Team.
The Deputy Governor, Economic Policy CBN Kingsley Obiora, has taken over as the Chairman of the Board of Directors of the NEXIM.
On Thursday, investors were shocked to receive a Naira depreciation at the I&E window with July futures closing at N394/$1.
The naira was trading at 387.35 to the dollar yesterday at the currency spot market mainly used by foreign investors and exporters
Barely a week after its board’s approval, the International Monetary Fund (IMF), has disbursed the sum of $3.4 billion to the CBN.
Appendix I. Letter of Intent April 21, 2020 Ms. Kristalina Georgieva Managing Director International Monetary Fund (IMF) Washington, D.C. 20431 Dear Ms. Georgieva, 1. The global...
More currency flexibility would help to protect dwindling external reserves and avert economic distortions, leaving them to only intervene when there are huge fluctuations.
The IMF wants the CBN to end some of its harshest policies including lifting the forex ban on 41 items.
IMF expressed special interest in getting Nigeria to follow through with the unification of the multiple exchange rates