Naira strengthens against dollar as forex reserves hit $35bn
Nigeria’s currency appreciated against the dollar at the parallel market on Monday as the country’s foreign exchange reserves hit the
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Economics
Nigeria’s forex reserves hit one-month high, near $35bn
Nigeria’s foreign exchange reserves have risen to the highest point in more than a month, the latest data from the
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Shoprite inches closer to exit operations in Nigeria, brand may remain
Shoprite Holdings Limited, Africa’s biggest supermarket retailer, is pushing ahead with its plan to exit Nigeria operations after over 20
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AfDB extends €145m loan to Egypt for railway upgrades
The Board of Directors of the African Development Bank has approved a loan of €145 million to finance reliability and
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IMF may provide debt service relief to 28 countries till April 2022
The Executive Board of the International Monetary Fund has approved a third tranche of grants for debt service relief for
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Intensified action needed to end COVID-19, economic damage – G-24
The Group of Twenty-Four nations has said intensified action is needed to end the COVID-19 pandemic and prevent long-term economic
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Nigeria borrows more from China, debt hits $3.26bn
Nigeria’s borrowing from the Exim Bank of China rose by $90 million last year, the latest data from the Debt
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Nigeria’s growth prospects muted, vaccine rollout slow – World Bank
The World Bank has said Nigeria’s muted growth prospects and slow vaccine rollout will weigh on sub-Saharan Africa’s economic outlook.
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Nigeria’s forex reserves gain $404m in 13 days
Nigeria’s foreign exchange reserves rose by $404 million in the last 13 days of March to close the month at
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Nigeria’s forex reserves end falling streak after nearing one-year low
Nigeria’s foreign exchange reserves have ended a falling streak that brought the reserves near a one-year low despite a significant
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