Exchange rate stability is a key CBN policy objective, and to preserve its external reserves the CBN continues to manage FX demand and limit the supply...
“The cost of sending money across international borders continued to remain high, around 6.4 per cent on average in Q1 2021, or more than double the...
“Even though Nigeria’s economy exited a pandemic-induced recession, several challenges persist including double-digit inflation, declining incomes, and rising insecurity."
“Several developments are supporting a return to growth in remittance inflows during 2021, estimated at 6.2 per cent to $45bn.”
“The rise in prices witnessed between June 2020 and June 2021 alone could push another six million Nigerians into poverty."
"We recognise that in the middle of the economic crisis, Nigeria was under tremendous pressure, alongside the naira."
"I heard the honourable minister talking about the medium term development plan, which has all the right ingredients. It will take time to get (the country)...
The World Bank has released a new report revealing a list of Nigerian companies and individuals involved in corrupt practices and fraud.
World Bank said African countries were lagging way behind the advanced economies
Governments around the world responded to the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages, according to a new World Bank report. While these...
