Tag: Nigeria
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Lack of cash is stalling Nigeria’s $220 billion informal economy
For 20 years, Ogbogo Moses used cash to trade fresh fruits for six days a week in Nigeria’s northwestern Kaduna state. Now she’s lucky...
Nigeria’s Buhari grants 60-day extension to turn in old banknotes
Nigeria’s President Muhammadu Buhari on Thursday gave approval to the central bank to extend the deadline to turn in old banknotes by another 60...
Nigeria’s naira shortage: Banks attacked in Warri and Benin City
Angry protests have broken out in some Nigerian towns and cities as people struggle to get hold of new banknotes.
Frustration has been building for...
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...
IMF maintains Nigeria’s 2022 growth forecast at 3%
The International Monetary Fund (IMF) on Wednesday maintained its 2022 growth forecast for Nigeria at 3%, saying the economy has recouped output losses sustained...
