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Friday, February 23, 2024
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Naira makes marginal gain against US dollar amid market fluctuations

The Nigerian naira experienced a slight upturn against the United States dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Tuesday, closing at...

Aso Villa, CBN others accumulate N47 billion in electricity bills, face disconnection by AEDC

In a stark revelation, the Abuja Electricity Distribution Company (AEDC) disclosed that a staggering N47 billion in unpaid electricity bills is owed by 86...

Naira plummets despite increased forex supply, widening official, parallel market gap

The Nigerian naira witnessed a significant decline across both official and parallel foreign exchange markets, exacerbating worries about the nation's economic stability. The depreciation,...

IMF warns Nigeria’s foreign reserves could plummet to $24bn by 2024

In its recent country report for Nigeria, the International Monetary Fund (IMF) has sounded a cautionary note, forecasting a potential drop in the nation's...

CBN establishes department for crude oil sales, says NNPC CEO

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, unveiled the establishment of a dedicated department by the...

CBN vows to withhold ways and means to FG amid economic crisis

In a significant move aimed at tackling Nigeria's economic challenges, Central Bank Governor Olayemi Cardoso declared that the apex bank would withhold Ways and...

Foreign airlines risk $200m loss amid naira depreciation

The International Air Transport Association (IATA) has voiced apprehensions that foreign airlines operating in Nigeria could face losses totaling $200 million due to the...

Nigerian bank directors association backs CBN directive on foreign currency holdings

The Bank Directors Association of Nigeria (BDAN) has expressed its support for the recent directive issued by the Central Bank of Nigeria (CBN), urging...

CBN governor calls for policy reforms to attract foreign portfolio investors

In a recent interview on Arise TV, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, emphasized the imperative for policy reforms to...

Systems Thinking for Nigeria’s Economic Resilience: A Parable for Policy Innovation

Abdulrauf Aliyu In the heart of Africa lies Nigeria, a nation grappling with a complex web of economic challenges that demand innovative solutions. As the...

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