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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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Geographic
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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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Emefiele has vowed that the CBN will significantly increase financial inclusion, recapitalise banks and help the economy achieve double-digit growth over his second term. However…
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DOI: 10.1108/OXAN-DB244823
ISSN: 2633-304X
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Pressured naira.
The naira's partial float.
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DOI: 10.1108/OXAN-DB220688
ISSN: 2633-304X
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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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Nigeria's forex dynamics
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DOI: 10.1108/OXAN-DB233972
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…
This follows the fallout from an August 18 decision by Emirates Airlines -- and subsequently others -- to suspend operations in Nigeria due to their inability to repatriate an…
Outlook for sub-Saharan Africa's stock exchanges.