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...
Naira Depreciates by N150 a Year After the CBN Discontinues Sale of Forex to the BDCs
In July 2021, there was a significant change to the foreign exchange regime in Nigeria as the Central Bank of...
Russia’s Gas Cutoff to Europe Could Severely Affect European Economy
Russia’s weaponization of gas exports to the EU poses serious risks to the Eurozone as further supply reduction or shutoff...
EU Turns to Nigeria for Additional Gas Supply as it Anticipates Cuts From Russia
The European Union believes a total gas supply cut from Russia is on its way and is preparing to cushion...
Naira Closes at N430 at the Investors and Exporters (I&E) Window as Scarcity of Dollar Persists
Friday, July 22, 2022: The Nigerian Investors and Exporters (I&E) FX Window closed the trading session on a bearish note...
Nigeria May Expend N6.7 Trillion Subsidizing Fuel in 2023
Nigeria’s growing fiscal expenditure on petrol subsidy could mount up to nearly 70 percent of the country’s 2022 budget to...
Naira Climbs Up Slightly to Close at N426/$1 at the Investors and Exporters (I&E) Window
Thursday, July 21, 2022: The Nigerian Investors and Exporters (I&E) FX Window closed the trading session on a bullish note...
Nigeria’s Currency Loses 85 Naira to the Dollar Between January and July 2022 at the Parallel Market
The currency of Africa’s largest economy has been on a downward trajectory since the beginning of the year 2022. It...
Naira Slumps to N640/$1 in the Parallel Market as Excess Demand Weighs on Supply
Wednesday, July 20, 2022: The downswing in the value of the naira was so severe yesterday as the currency hit...
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