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IMF implores Nigeria to tackle FX volatility, inflation
03 Jul 2025 15:23 GMT
… (IMF) has urged Nigeria to implement a comprehensive … confidence has strengthened, helping Nigeria successfully tap the Eurobond market … s reforms in the FX market that supported price … the FX market and foreign exchange interventions had stabilised the naira.
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Oyo Court Convicts Two Social Media Influencers For Naira Abuse
03 Jul 2025 15:37 GMT
… Abdulateef Jimoh guilty of mishandling naira notes.
Dele Oyewale, who … count charge that bordered on currency mutilation by the Ibadan … on naira notes, issued by the Central Bank of Nigeria and … seen spraying and stepping on naira notes, which they later …
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The Good, Bad & Ugly: What latest IMF Article IV report says about Nigeria
03 Jul 2025 13:36 GMT
… for its FX market interventions not to bolster the Naira but to … improvements in tax collections in Nigeria.
In addition, the report … fund says reduces risks to Nigeria. Inflation is moderating and … drop in reform momentum in Nigeria.
The report concludes with …
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Okra Closes Down: What Happened to Nigeria’s Open Banking Pioneer?
03 Jul 2025 16:48 GMT
… Okra launched Nebula, a naira-denominated cloud platform aimed … and billed in local currency, Nebula was intended to … investors followed.
But between currency depreciation, infrastructure strain, and … staying power, but in Nigeria’s current economic situation, …
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Nigeria emerges as global investment hotspot as CBN, other reforms pay off
03 Jul 2025 13:36 GMT
… markets, has identified Nigeria as offering unprecedented investment … Read also: Cardoso ties naira’s now seven-month … view. The combination of currency liberalisation, subsidy removal, … the Tinubu administration, Nigeria appears positioned to attract …
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Naira stuck at N2,200/£ as British pound faces correction
03 Jul 2025 14:42 GMT
… foreign exchange market.
The Naira was muted against the British …
The United Kingdom hosts Nigeria’s largest diaspora population outside … bilateral trade ties and promote Nigeria’s economic expansion. It … measures the U.S. currency’s strength against six major …
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MultiChoice Announces Sale Of SuperSports FC In South Africa Amid Loss Of Revenue In Nigeria, Other Countries
03 Jul 2025 14:43 GMT
… South Africa.
MultiChoice Nigeria’s subscription revenue plunged … widespread customer losses in Nigeria, driven by skyrocketing … Statistics, and the naira has depreciated by over … “While macroeconomic pressures and currency volatility have weighed on our …
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Naira Strengthens As IMF Backs Nigeria’s FX Reforms
03 Jul 2025 11:52 GMT
The Nigerian naira appreciated to … foreign currency is becoming riskier, with increased forex … FX market.
Despite the challenges of the global economic landscape, Nigeria … currency. The global financial institution acknowledged the positive impact of FX market …
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Why the Naira Remains Stable Against the Pound
03 Jul 2025 11:48 GMT
… pound on foreign currency markets, Nigeria’s naira was still firm … relationships, the step improves Nigeria’s competitiveness globally by … better forex reserves on the up and better policy, Nigeria … over the direction of Nigeria’s economy — something …
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Review Nigeria's budget - IMF tells FG
03 Jul 2025 10:57 GMT
… IV Consultation Report on Nigeria, released in Washington DC … Central Bank of Nigeria was appropriately maintaining … FX market and foreign exchange interventions have brought stability to the naira. Naira … targeting.
“To lift Nigeria’s growth outlook, improve …