Naira gradually regaining strength, as demand for forex maintains decline.

The continued decline in the volume of foreign exchange supplied to the retail market indicates that the naira is gradually strengthening against other international currencies, the Central Bank of Nigeria, CBN, said on Wednesday. For some time, authorized forex dealers have not been able to clear the amount of dollars supplied by the bank as…… Continue reading Naira gradually regaining strength, as demand for forex maintains decline.

Nigeria out of recession, World Economics declares.

After a few quarters of negative growth that saw the death of businesses, the Nigerian economy is out of recession, but “conditions remain difficult for businesses,” World Economics said Tuesday. World Economics is a London-based organisation dedicated to producing financial analysis, insight and data relating to questions of key importance to the world economy. “April…… Continue reading Nigeria out of recession, World Economics declares.