economy policy
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Nigeria Punch Newspaper Stands by Its Story on Government's Consideration to Convert $30 Billion of Nigerian Deposit Funds to Save Naira
On February 3, 2024, Saturday PUNCH reported on the federal government's consideration of converting $30 billion domiciliary deposits to Naira as part of efforts to stabilize the currency. The story cited a senior government official in the presidency who spoke anonymously on the matter... -
Nigeria Nigeria Braced For Business Collapse As Naira Plummets to Record Low of N1,410/$1
The Nigerian Naira has hit a record low of N1,410 against the US Dollar on the black market, reflecting a 3.29% drop from the previous day's closing rate. The sudden depreciation is attributed to increased demand for dollars, notably from businesses restocking, individuals pursuing overseas... -
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Politics Buhari Summons CBN Governor, Emefiele Over Sanusi's Criticism
President Muhammadu Buhari on Thursday met behind closed doors with the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, in what was believed to be a fallout of Emir of Kano, Mohammed Sanusi’s criticism of the present government A Presidency source confided in PUNCH that the CBN...- ProfRem
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