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This period was marked by two dramatic policy moves: the removal of a costly fuel subsidy and a major devaluation of the naira. Both moves are crucial for reforming Nigeria’s…
This reflects broader investor concerns over the risk profile of Nigeria’s debt. Ballooning fuel subsidy payments resulting from high oil prices have contributed to these fears…
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
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This gives priority to selected local manufacturers who will now have easier access to forex at official rates. This forms part of a broader CBN programme aimed at supporting…
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DOI: 10.1108/OXAN-DB268192
ISSN: 2633-304X
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The 2017 budget.
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DOI: 10.1108/OXAN-DB216950
ISSN: 2633-304X
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The plan aims for 85% funding by private capital, with the balance coming from federal and state governments. It also envisions 5% average annual GDP growth over the period, and…
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DOI: 10.1108/OXAN-DB265870
ISSN: 2633-304X
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Nigerian economic policy.
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DOI: 10.1108/OXAN-DB247693
ISSN: 2633-304X
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Since the abandonment of the multi-currency regime in June, the new Zimbabwe dollar has lost almost 60% of its value relative to the US dollar. The parallel market for foreign…
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DOI: 10.1108/OXAN-DB246811
ISSN: 2633-304X
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Since its introduction in February, the local real-time gross settlement (RTGS) dollar, a de facto new local currency, has lost over 60% of its value relative to the US dollar on…
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DOI: 10.1108/OXAN-DB244607
ISSN: 2633-304X
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Geographic
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Nigerian state finances.