FX Market: Naira Sees Biggest Plunge After CBN Banned Forex Sale To BDCs
By Akogu Yusuf Naira fell significantly against the U.S. dollar at the parallel market on Wednesday, a day after the Central Bank of Nigeria (CBN)...
Category : ECONOMY
CBN Bans Forex Sale To BDCs, Issues New Guidelines To Banks
By Akogu Yusuf The Central Bank of Nigeria (CBN) says it has stopped sale of foreign exchange (FX) to Bureau De Change (BDCs) operators in...
President Buhari Confident Of Lifting 100 million Nigerians Out Of Poverty.
President Muhammadu Buhari on Monday reiterated his administration’s commitment to lifting 100 million Nigerians out of poverty, saying it is achievable if there is...
Paris Club cancels $14bn Sudan debt
Creditor countries have agreed to cancel $14.1bn of Sudan’s international debts, praising its economic reforms and efforts to fight poverty. In a statement Friday, the...
Breaking: CPI: Nigeria’s Inflation Rate Declines To 17.75%
Nigeria’s consumer price index (CPI), a measurement of the rate of change in prices of goods and services, has declined to 17.75% in June from...
South Africa Needs Emergency Action to Create Jobs, World Bank Says
South Africa can bolster hiring by temporarily extending tax incentives, suspending rules that increase labor costs and introducing measures to support entrepreneurship and self-employment, according...
President Xi Fulfils Key Promise Of Ending Absolute Poverty In China
Chinese President Xi Jinping reached a major milestone this week in his five-year long fight to end absolute poverty across the country — but it doesn’t appear...
Qatar’s economy shrank 6.1 percent in Q2 – worst in eight years
Qatar’s second-quarter gross domestic product fell 6.1 percent in the three months ending June on an annual basis as pandemic hit economy. Qatar’s economy performed...