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

CBN

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

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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