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Loans acquired by Nigeria from foreign banks could potentially deplete as much as 40% of the country’s foreign reserves.
Africa's largest economy finds itself grappling with its most severe economic challenges in decades, as the Central Bank of Nigeria (CBN) faces a critical...
“Diesel costs expected to reach N867 per liter in Lagos and N875 in the Southwestern region.”
Starting today, Saturday, August 12th, the cost of diesel will surge to N867 per liter in Lagos state and N875 in the Southwest region,
The...
“NAAPE Supports Establishment of National Carrier Amid Dispute, Emphasizes Need for Proper Procedure.”
Despite facing opposition from certain groups against the establishment of a new national airline for Nigeria, the National Association of Aircraft Pilots and Engineers...
“Volatility characterizes the week’s closure as the exchange rate settles at N955/$1, with the disparity surpassing N200/$1.”
The week concluded with a turbulent performance in the exchange rate between the Nigerian naira and the U.S. dollar, reaching a peak of N955/$1...
“CBN’s decision to withhold publication of its seven-year financial records faces strong criticism from experts.”
The Central Bank of Nigeria recently unveiled its Consolidated Financial Statements for the past seven years, marking a significant shift as it's the first...
