Nigeria, Algeria and Niger Sign MoU for the Trans-Saharan Gas Pipeline
Having held talks last month on the revival of a decades-old project to pipe gas across the Sahara,- Nigeria, Algeria,...
Naira Gains at the Investors and Exporters (I&E) Window as Liquidity Rises to $129.13 Million
Thursday, July 28, 2022: The Nigerian Investors and Exporters (I&E) FX Window closed the trading session on a bullish note...
Naira Crashes to 710 on the Black Market
The naira has been under massive pressure for the past two weeks, falling from an average of N614 per dollar...
CBN’s July 2022 Treasury Bills Auction Records 23% Oversubscription
The Central Bank of Nigeria’s Treasury Bills auction for a 364-Day tenor, which sought to raise N258.5 billion from investors,...
Exchange Rate Crises: How the Naira Fell from Grace to Grass
As the Naira trades in the N710/$1 range on the black market, it's easy to forget that the Naira was...
Naira Collapses to a New Record Low of N700/$ in the Parallel Market
Wednesday, July 27, 2022: The Naira has maintained a downward trajectory in the parallel market since the beginning of the...
IMF Forecasts Slow Global Economic Growth Amid Uncertainties
The International Monetary Fund (IMF) has projected an intensified global economic slowdown in 2022 (3.2 percent) and 2023 (2.9 percent)...
Naira Hits N431/$ at the Investors and Exporters (I&E) Window as it Maintains a Downward Trajectory
Tuesday, July 26, 2022: The Nigerian Investors and Exporters (I&E) FX Window closed the trading session on a bearish note...
IMF downgrades Nigeria’s 2023 growth projection, retains 2022 at 3.4 %
Despite the adverse macroeconomic environment, the International Monetary Fund (IMF) has retained Nigeria’s 2022 economic growth projection at 3.4 percent....
Nigeria’s Oil Production Deficit May Persist Despite TotalEnergies’ Production From the Ikike Field
The kick-start of oil production from the Ikike Field by French oil and energy giant, TotalEnergies would jack up Nigeria’s...
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