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FX Crisis

How Nigeria's FX Reserves Dropped By $1.3bn– Report

Nigeria’s External Reserves Decline By $342m Amid Plans For $500m Domestic Dollar Bond

External Reserves Dip Amidst Bond Issuance Plans Nigeria’s external reserves have dropped by approximately $342.97 million in just nine days, according to the latest data from the Central Bank of Nigeria (CBN). This decline, recorded between 7th August and 15th August, 2024,

August 19, 2024

Business·Markets·News

FX Crisis: Financial Expert Urges Diversification To Reduce Dollar Dependence

Praise Ihensekhien, a financial expert at Meristem Securities Limited, has suggested that the Nigerian government should consider adopting alternative currencies for import transactions to alleviate the FX crisis and stabilize the Naira. During an Economy Outlook webinar, Ihensekhien emphasized the importance of

April 8, 2024

Business·Markets·News

FX Crisis: How Manufacturers Lost N1.5tn In Six Months, Says MAN

The Manufacturers Association of Nigeria (MAN) has disclosed that its members have experienced losses amounting to at least N1.5tn over the past six months due to a forex-related Crisis (FX Crisis). This revelation, coming amidst assertions by the Central Bank of Nigeria

April 5, 2024

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FX Crisis

Nigeria’s External Reserves Decline By $342m Amid Plans For $500m Domestic Dollar Bond

FX Crisis: Financial Expert Urges Diversification To Reduce Dollar Dependence

FX Crisis: How Manufacturers Lost N1.5tn In Six Months, Says MAN

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