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Recession exit: expecting CBN’s further interventions to sustain growth


It has been widely agreed that the Federal Government, through the Central Bank of Nigeria (CBN)’s interventions played a significant role in Nigeria’s exit from Covid-19 induced recession. Nigeria’s economy surprisingly exited recession in the fourth quarter (Q4) 2020 driven by growth agriculture and telecommunications. According to the National Bureau of Statistics (NBS), Nigeria’s Gross […] Read Full Story

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See what happened to naira this week

1000 Naira notes

The foreign exchange (FX) market witnessed some volatility as Nigeria’s currency weakened and strengthened across market segments. Also, the market saw the introduction of a new FX policy tagged “Naira 4 Dollar” scheme by the Central Bank of Nigeria (CBN). Naira volatility on the black market At the black market on Monday, the market opened […] Read Full Story