President Muhammadu Buhari has warned that the Economic Community of West African States (ECOWAS) must not abuse the African Continental Free Trade Area (AfCFTA) Agreement. The trade deal commences January 1,…
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The Governor of the Central Bank of Nigeria, Godwin Emefiele, on Thursday said the target of the CBN was for the country to attract about $2bn monthly as remittances from citizens…
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The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar. This brings the Naira closer to the exchange rate unification policy recommended by the International Monetary Fund…
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Latest News in Nigeria Money Market News‘Recovery is in sight’ — CBN gov assures of quick exit from recession
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says Nigeria will exit its recession in the first quarter of 2021. Nigeria is currently experiencing its worst economic recession…
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Latest News in Nigeria Money Market NewsRoad clear for Okonjo-Iweala’s WTO DG race as South Korea withdraws candidate
South Korea has decided to withdraw its candidate from the World Trade Organisation (WTO) director-general race, Washington Trade Daily is reporting. Yoo Myung-hee is South Korea’s trade minister and its…
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Money Market News World UpdateUS, UK, Canada, South Africa — here are 40 countries experiencing a recession in 2020
If the world were to play a game, and the convener of the game says “raise up your hand if your country has been in a recession in 2020,” more than…
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Official Figures published on Saturday by the National Bureau of Statistics indicates that Nigeria has entered its second recession in five years. The figures further reveal that the economy shrank…
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Nigeria’s economy has officially slid into its worst economic recession in over three decades. This is according to the gross domestic product numbers released by the National Bureau of…
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The naira tumbled to 620 against the British pound sterling at the parallel market on Thursday, even as the euro rose to N565. The naira fell by 2.1 per cent…
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The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for the greenback. The local currency, which…