Nigeria’s Central Bank Governor Godwin Emefiele met fund managers in London last week to lure investors back into the local naira currency, two banking sources told Reuters on Monday.
Authorities are hoping to boost liquidity on the forex market after the naira weakened.
Emefiele told investors that currency stability would continue, a fund manager and a banking source said. The naira weakened to 364 last week as oil prices fell.
The National Bureau of Statistics (NBS) has refuted claims that its Statistician-General, Adeniran Adeyemi, was summoned by the Department of...
Dr. Ngozi Okonjo-Iweala has been reappointed as Director-General of the World Trade Organization (WTO) for a second term. The announcement...
The Nigerian government has outlined plans for a 47 trillion naira ($28.18 billion) budget for 2025, focusing on economic growth...
Zimbabwe’s latest attempt at stabilizing its currency, the Zimbabwe Gold (ZiG), is facing widespread rejection just days after the Reserve...
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