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1 – 10 of 150The new regulations respond in part to the naira’s recent devaluation and depreciation, which have substantially shrunk domestic banking capital in dollar terms. It is the first…
These aim for tighter CBN control over the parallel market. The CBN is also seeking to stabilise the currency through bond issuances, cryptocurrency crackdowns and other schemes.
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DOI: 10.1108/OXAN-DB286045
ISSN: 2633-304X
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The budget is built on unduly optimistic assumptions. Meanwhile, the Central Bank of Nigeria (CBN) is seeking loans to help clear foreign exchange (forex) backlogs while…
Finance Minister Wale Edun on October 23 announced that a major inflow of USD10bn was expected in the coming weeks to ease liquidity in the foreign exchange market. The…
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DOI: 10.1108/OXAN-DB283588
ISSN: 2633-304X
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NIGERIA: German aid may encounter hurdles
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DOI: 10.1108/OXAN-ES283021
ISSN: 2633-304X
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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
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NIGERIA: Unified exchange rate may boost investment
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DOI: 10.1108/OXAN-ES279848
ISSN: 2633-304X
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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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This forms part of a broader effort to expand the benefits of oil and gas production to northern Nigeria. This includes a large oil and gas field at the Kolmani Integrated…
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DOI: 10.1108/OXAN-DB278929
ISSN: 2633-304X
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The pipeline, whose construction could face numerous logistical obstacles, is meant to benefit the ECOWAS zone while also diversifying Europe’s gas supplies.