Nigeria’s Exchange Rate Closes H2 ’24 With 40% Depreciation Despite FX Reforms
This trend highlights the first month of stable exchange rates since the Central Bank of Nigeria implemented significant foreign exchange reforms, though Nigerians continue to experience prolonged exchange rate volatility with a 40% depreciation since December 2023.
Afreximbank, WTO Sign MoU On Promoting Global Trade
Musumba said the MoU would allow the two organisations to pursue a collaborative framework for harmonising and coordinating their efforts towards deepening key trade development activities on the continent.
Nigeria Receives 35% Of Africa’s Diaspora Remittances In 2023
This is according to a World Bank report analyzing global remittances in 2023 and projecting inflows for 2024.
Saudi Arabia To Build Farm Equipment Manufacturing Plants In Nigeria – Kyari
He said the aim is to support Nigeria’s agricultural sector through mechanization by establishing the plants in the country.
Nigeria’s Debt To GDP Ratio Hits Over 50%
By Cyril Ogar
Nigeria’s debt-to-GDP ratio crossed 50% for the first time ever last week after the Debt Management Office published the country’s latest public...
