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Cardoso replaces former Governor Godwin Emefiele, who is currently facing corruption charges. The Senate also confirmed four deputy governors, making it the first time in the…
The move has resulted in official rates depreciating sharply and converging with the parallel market rate; the spread has narrowed to just 16%. The change in policy means that the…
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DOI: 10.1108/OXAN-DB281160
ISSN: 2633-304X
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Geographic
Topical
Nigeria's forex dynamics
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DOI: 10.1108/OXAN-DB233972
ISSN: 2633-304X
Keywords
Geographic
Topical
The CBN has previously warned banks against cryptocurrency transactions, arguing cryptocurrencies are not legal tender in Nigeria and create risks due to their volatility and…
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DOI: 10.1108/OXAN-DB260390
ISSN: 2633-304X
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Geographic
Topical
African debt burdens
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DOI: 10.1108/OXAN-DB227959
ISSN: 2633-304X
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Geographic
Topical
This has temporarily boosted the supply of forex, causing the naira to appreciate in the parallel market around December. However, this proved short-lived, with the CBN resorting…
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DOI: 10.1108/OXAN-DB259421
ISSN: 2633-304X
Keywords
Geographic
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Cardoso has promised to prosecute any entities involved in making fraudulent claims. The Deloitte audit is one of three concurrent investigations into the bank’s management under…
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DOI: 10.1108/OXAN-DB285419
ISSN: 2633-304X
Keywords
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This has increased pressure on President Muhammadu Buhari’s government to fast-track reforms amid worsening unemployment and inequality. Meanwhile, ongoing security crises…
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DOI: 10.1108/OXAN-DB253508
ISSN: 2633-304X
Keywords
Geographic
Topical
These subsidies were scheduled to end in June. The Council justified the decision on the need for more preparatory work, particularly by the incoming administration of…
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DOI: 10.1108/OXAN-DB278745
ISSN: 2633-304X
Keywords
Geographic
Topical
Prospects for emerging economies in 2016.