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Mazi Nwokpor JonathanAgainst the US dollar, the Naira saw a notable increase in the Foreign Market due to the Central Bank of Nigeria’s extensive policy changes. The Naira strengthened against the dollar
Read MoreMazi Nwokpor JonathanUS dollar supply at the official foreign exchange market jumped last Friday, reaching 180.59 percent to $440.13 million as commercial banks scrambled to evade regulatory sanctions from the Central Bank
Read MoreMazi Nwokpor JonathanThe proposal to convert $30 billion in deposits in domiciliary accounts to naira has been rejected by the Central Bank of Nigeria or CBN. The CBN reacted in response to
Read MoreMazi Nwokpor JonathanAt the end of January 2024, the Naira saw a slight increase against the US dollar on the official foreign exchange market due to the Central Bank of Nigeria’s recent
Read MoreMazi Nwokpor JonathanAccording to Bloomberg, the Dangote refinery plans to import oil from the US in the upcoming months. Trafigura Group is anticipated to sell the Dangote refinery 2 million barrels of
Read MoreMazi Nwokpor JonathanOn Monday, the Naira hit an all-time low of N1,348.63 versus the US dollar in the foreign exchange market. The Naira dropped from N891.90 on Friday to a record low
Read MoreMazi Nwokpor JonathanAdebayo Adelabu, the minister of power, has revealed the reasons behind the country’s decreased electricity supply. Adelabu attributed the statewide decline in electricity supply to thermal generating businesses’ gas restrictions.
Read MoreMazi Nwokpor JonathanAt the foreign currency market on Thursday, the value of the Naira substantially declined compared to the US dollar. The Naira dropped from N882.24 per dollar on Wednesday to N900.96
Read MoreMazi Nwokpor JonathanAccording to a source, Saudi Arabia intends to operate its first alcohol store in its capital, Riyadh. This was revealed to Reuters on Wednesday by sources aware of the development.
Read MoreMazi Nwokpor JonathanYemi Cardoso, the governor of the Central Bank of Nigeria, has predicted a decrease in fuel prices at the pump in 2024. Cardoso clarified that the government- and privately-owned refineries that
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