Nigerian Naira Faces Ongoing Parallel Market Premium Amidst FX Challenges
The World Bank's latest report reveals that the premium between the parallel foreign exchange (FX) rate and the official rate ...
Tag: economic activity
Currency Outside Banks Surges to N2.26tn by June 2023, Reports CBN.
In a recent report released by the Central Bank of Nigeria (CBN), currency outside banks in the country reached a ...
Nigeria’s Economy at Risk: UK’s Naira Deal Sparks Liability Concerns and Sky-High Interest Rates
The recent decision by Britain's export finance agency to add the Nigerian naira to its list of "pre-approved currencies" marks ...
CBN Instructs Banks to Provide Naira Payouts for Diaspora Remittance Beneficiaries
The Central Bank of Nigeria (CBN) has introduced the Naira as a payout option for recipients of proceeds from international ...
US Nation’s Employers Add 339,000 Jobs in May, Defying Market Expectations.
In a surprising turn of events, the US nation's employers showcased their strength in the job market by adding a ...
Asian Currencies Retreat as Chinese Data Points to Slower Growth
Most Asian currencies retreated on Thursday as softer-than-expected Chinese data raised more concerns over slowing growth in the region’s largest ...
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