foreign exchange market
The Central Bank of Nigeria (CBN) has announced a significant boost to Nigeria’s economy, with an inflow surpassing $1.5 billion in recent days. This positive development underscores the effectiveness of the CBN’s monetary policy initiatives in stabilizing the foreign exchange market. Hakama Ali, the Acting Director of the Corporate Communications Department at the CBN, commented […]
Nigeria’s inflation rate has surged to 29.90% in January 2024, marking a notable increase from the previous month’s 28.92%. This was revealed in the latest report from the National Bureau of Statistics (NBS) on Thursday, February 15, 2024, describing the mounting economic challenges facing the nation. The surge in inflation, driven primarily by food inflation […]
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