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Nigeria's deep 2.06% year-on-year GDP contraction in the second quarter has hammered business confidence. However, several recent data releases indicate that the downturn's…
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…
NIGERIA: Dollar shortages will strain economy
This comes a month after the National Assembly approved an external borrowing plan of USD6.2bn in August. Also, the IMF has approved the allocation of USD3.35bn in Special Drawing…
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DOI: 10.1108/OXAN-DB264409
ISSN: 2633-304X
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Geographic
Topical
NIGERIA: Naira move only do so much for confidence
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DOI: 10.1108/OXAN-ES260366
ISSN: 2633-304X
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Geographic
Topical
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
Geographic
Topical
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…
Dollarisation in Africa.
NIGERIA: End of recession brings only partial solace
This aims to lower repayment obligations, reducing interest on the loans from 21.5% to 9.0% with a three-year repayment moratorium. It also looks to increase transparency over…