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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
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The move comes after the government prohibited individuals and organisations from holding cash over ETB1.5mn (around USD41,000) and a cap on daily cash withdrawals for individuals…
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DOI: 10.1108/OXAN-DB256569
ISSN: 2633-304X
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By 2025, an estimated two-thirds of African households will have discretionary income, significantly expanding the consumer pool. Growth in sub-Saharan Africa’s consumer market…
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DOI: 10.1108/OXAN-DB218191
ISSN: 2633-304X
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Geographic
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This follows an October 26 Central Bank of Nigeria (CBN) statement announcing the withdrawal of older notes from circulation. The CBN argued this was necessary to check…