Nigeria’s Forex Reserves Drop By $47.3m
Nigeria’s foreign exchange reserves suffered its first decline in recent weeks at the weekend as dreary global crude oil prices, dollar recovery and domestic pressure on the controlled exchange rate heightened fears of further depreciation in naira.
Nigeria’s foreign exchange...
CBN May Slash Rate As Inflation Slows To 12-month Low
Analysts have indicated that the latest inflation figures from the Nigerian economy are good news for the Central Bank of Nigeria (CBN) and the economy as a whole. Inflation in Africa’s largest economy dropped to...
