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Naira Hits 2-Month High at N1,382 Amid CBN’s FX Adjustments
Nigeria's naira strengthened on Thursday at the official foreign exchange market, reaching a two-month high of N1,382.35 per dollar. This increase was facilitated by...
National Economic Council approves $617.7 million i-DICE scheme nationwide
The $617.7 million Investment in Digital and Creative Enterprises (i-DICE) plan has received approval from the National Economic Council (NEC) to be implemented in...
Nigeria’s foreign tax revenue almost doubled in 2023 despite the weak currency
Foreign companies have contributed significantly more to Nigeria's tax revenue; in only a single year, the amount nearly doubled.
The devaluation of the naira has...
CBN’s N10 Trillion Intervention: N193 Billion Loans Deemed Lost
With an estimated N10.3 trillion in funding, the Central Bank of Nigeria's Intervention Funds Programme has a 75.8% repayment record.
The study also claims that...
Nigeria’s Import Food Inflation Hits Record 29.8% Amid Currency Depreciation
Nigeria experienced its highest level of imported food inflation in February 2024, up 352 basis points from 26.3% to 29.8% during the preceding month.
Nairalytics,...
