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Economy
Exchange rate steadies amid new naira scarcity
Naira/dollar exchange rate has steadied at the official foreign exchange market as the scarcity of naira redesign persists in Africa’s most populous country.
At the Investors and…
Rising cost of living furthers exodus of Nigerian doctors, nurses
The rising cost of living in Africa’s most populous nation is one of the major factors furthering the exodus of young medical professionals to other countries.
One such country is the…
Money worries force Nigerians to cut back on social life
Once known for its vibrant social scene, cost conscious Nigerians are now cutting down on their social life over rising cost of living and dwindling income.
With inflation at 21.47…
Explainer: How Moody’s rating of Nigeria affects economy, banks
Barely four days after Nigeria’s worst-ever Moody’s rating came another downgrade, but this time of nine banks in Africa’s largest economy. On Tuesday January 31, Moody's Investors Service…
Ransom worth N4.18bn among old notes expected back in banks
About N4.18 billion ransom paid to kidnappers in four years, is seen as a fraction of the currency outside banks that is expected to be returned within the new deadline, findings showed,…