Tag: Naira

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Nigeria’s Buhari tells central bank to allocate more dollars to Emirates

Nigerian President Muhammadu Buhari has directed the central bank to increase the amount of foreign currency allocated to Dubai's Emirates, after the airline suspended...

Nigerian states challenge central bank cash swap deadline

Three states in Nigeria have asked the country's highest court to stop the federal government and central bank from ending the use of old...

Nigeria sees US$4.3 billion of cash returning to banks on currency notes redesign

The Central Bank of Nigeria expects at least 2 trillion naira ($4.3 billion) of cash to return to banks by January 31 when the deadline...

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Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

Half of the world's 75 poorest countries are experiencing...

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