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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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

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...

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