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The Macroeconomics professor also said that deregulation of the oil sector, considering the current realities, will lead to an oligopolistic market which will not benefit the economy.
The post Eragha: There Are No Fundamentals In Place To Unify Nigeria’s Exchange Rate appeared first on Arise News.
ARISE Special Correspondent, Abisola Owolawi explores Ghana’s cocoa sector in this documentary.
The post Special Report: Ghana’s Cocoa Industry appeared first on Arise News.
With I& E window at N744/$1 and parallel market at N950/$1, Shonubi said Tinubu “very concerned” about naira slide and revealed intervention measures will be ready in a matter of days.
The post FX Arbitrage Widens to N206/$1 Enabling Round-Tripping, CBN Vows Crackdown appeared first on Arise News.
Industry data shows production fell to 1.081m bpd in July.
The post Forcados Leak, Crude Oil Theft Plunge Nigeria’s Oil Output To 3-Month Low, Second Lowest in 2023 appeared first on Arise News.
It has Introduced a framework for in-country FX transfers to remove barriers.
The post With $17bn Net Reserves, CBN’s Audited Account Shows $13.8bn Exposure to JP Morgan, Goldman Sachs, FX Forwards appeared first on Arise News.
Shonubi said that policies should be put in place to control and detect channels for illegal remittances.
The post CBN Attributes Naira Crash To Diversion of Diaspora Remittances To Parallel Market appeared first on Arise News.
However, on the Investors and Exporters’ (I&E) window, the naira closed at N781/$1 compared with its opening rate of N782/$1.
The post Excess Liquidity Weakens Naira Further at Parallel Market to N950/$1 appeared first on Arise News.
Nigeria’s economy has been under pressure since the Central Bank of Nigeria (CBN) floated the currency in June.
The post Naira Advances Towards N1000 Per $1, Hits Record Low Of N915 To $1 At Parallel Market appeared first on Arise News.
Where Guiness flows, Albertans go. Read More
Alberta Health Services on Friday issued a Cyanobacteria, or blue-green algae, warning for Wabamun Lake. Alberta Health Services on Friday