3 days ago
In 1981, one could get less than N6.1 million in exchange for $10 million. Then, a dollar was equivalent to 61 kobo. But four decades later, the naira has lost 99.8 per cent of its value against the greenback...
The IMF has slightly downgraded global growth projections for 2021 as supply chain disruptions negatively affect recovery in the advanced economies, while lack of access to Covid-19 vaccines
In apparent contradiction of its earlier stance on floating the naira, the Federal Government, yesterday, prevailed on the Central Bank of Nigeria (CBN) to allow the currency to reflect market realities.
The International Monetary Fund said Sunday it still had not decided whether its embattled chief would keep her job, with the lack of clarity over Kristalina Georgieva's future threatening to overshadow the body's fall meetings this week. An investigation by a law firm has concluded that the Bulgarian managing director manipulated data in favor of…
In recent months, developments in the Nigerian foreign exchange market have elicited reactions from stakeholders, some of which reflect understanding while others do not.
Embattled International Monetary Fund chief Kristalina Georgieva was fighting for her professional life Saturday as the institution's Executive Board considers evidence....
Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have shown.
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special drawing right (SDR) to provide liquidity to countries with foreign exchange reserves challenges.
Available statistics from economists indicate that the planned removal of the Premium Motor Spirit (PMS) subsidy will put the survival of millions of households in the balance.
The International Monetary Fund (IMF) has retained its projection for Nigeria’s economic growth prospect for this year at 2.5 per cent.
Therefore, the apex bank should not appropriate that role to itself by usurping the functions of deposit money banks.
While the International Monetary Fund (IMF) had earlier predicted a 2.5 per cent growth and 16 per cent inflation rate by end of 2021, the Nigeria Employers' Consultative Association (NECA) yesterday