Tags Foreign reserves

Tag: Foreign reserves

Naira slumps further as parallel market exchanges 480/$

Emefiele, who spoke at a summit on the economy by Bank CEOs in Lagos recently, said the drop in crude oil earnings and the associated reduction in foreign portfolio inflows significantly affected the supply of foreign exchange into Nigeria.

CBN projects huge fall in foreign reserves

As a result, external reserves are expected to lie between $29.9 billion and $34.3 billion at end-December 2020 (predicated on current declining oil price between $20 and $40).”

CBN: Nigeria’s foreign reserve to drop below $34.3bn by December

Specifically, the degree of external reserves accumulation is expected to decelerate, as outflows are expected to outweigh inflows.

Looming Recession: Experts foresee N500/$, say no quick fix to forex, foreign reserves crisis

…. GDP set to contract by 4.6% in 2020 Economists and financial experts have lamented the crisis rocking...

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Nigerian repatriated from Germany to US risks 30 years jail term for multiple money scams

The US Department of Justice’s Office of International Affairs of the Department’s Criminal Division provided significant assistance in securing the defendant’s extradition from Germany.

Police officer fired for pepper-spraying Black army officer in ‘horrifying’ traffic stop captured on film

police officer Joe Gutierrez was terminated from service after an internal investigation concluded that the police department’s “policy was not followed” and pepper spray was used against Lieutenant Caron Nazario, officials of Windsor, Virginia, said in a statement.

Nigerian stocks fall further, investors lose N30bn

The financial services industry (measured by volume) led the activity chart with 607.22 million shares valued at N6.07bn traded in 10,125 deals, thus contributing 68.46 per cent and 65.99 per cent to the total equity turnover volume and value respectively.

Buhari’s late driver not detained, tortured – DSS

The DSS spokesman, therefore, urged the public to disregard the fake news trending on the online platform.