CBN Accuses Banks of Hoarding $5 Billion in Foreign Currencies, Orders Release
The Central Bank of Nigeria (CBN) has accused commercial banks of hoarding over $5 billion in ...
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Tag: forex scarcity
Foreign Loans Constitute 78% of Nigeria’s Capital Importation in Q3 2023; FDI Falls Below 1%
Data from the Capital Importation Report for the third quarter of 2023 reveals that foreign loans ...
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Official Exchange Rate Predicted to Weaken to N1,068.3/$ by 2025, Economist Intelligence Unit Warns of Continued Currency Losses
A recent report from the Economist Intelligence Unit (EIU) projects a significant weakening of Nigeria's official ...
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Gas Prices Expected to Rise in Nigeria Due to International Factors
Gas consumers in Nigeria are bracing for price hikes as gas prices are expected to increase ...
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