FX shortage impedes new investment in Nigeria, says EFG Hermes
Nigeria’s foreign exchange shortage, which has blocked foreign investors from repatriating funds and forced the Central Bank of Nigeria (CBN)...
- Tuesday, June 23, 2026
BusinessDay
Nigeria’s foreign exchange shortage, which has blocked foreign investors from repatriating funds and forced the Central Bank of Nigeria (CBN)...
Central Bank of Nigeria (CBN) may have taken an extra step towards unifying its multiple exchange rates eventually by devaluing...
For every N100 deposit held by Nigerian commercial banks, about N60 idles away with the central bank as regulatory reserves...
U.S. Treasury Secretary Steven Mnuchin has welcomed a decision by the African Development Bank allowing an independent re-examination of a...
Lagos, Nigeria’s sprawling commercial capital, is the epicentre of the COVID-19 pandemic in the country, accounting for nearly 40 percent...
A well-meaning initiative by Nigeria’s central bank (CBN) to soften the blow of the COVID-19 pandemic on households and small...
The World Bank, on Thursday, published the Nigeria Development Update (NDU), a keenly anticipated report series that assesses recent economic...
Nigeria’s crumbling education and healthcare systems are increasingly pushing rich nationals to seek dual citizenship in other countries so much...
The World Bank’s approval of $750 million for Nigeria’s power sector will contribute to fixing the apex bank’s beleaguered balance...
The incessant debits by the Central Bank of Nigeria (CBN) on banks is the last thing Africa’s largest economy needs...