| How CBN’s Forex Exchange Policy Can Upscale Nigeria’s Economy – Analysts
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Analysts have emphasised the need for the Central Bank of Nigeria (CBN), to provide better clarity on its exchange rate policy to gain the confidence of foreign portfolio investors and avoid recurrence of the negative consequences that followed similar suspension for six months five years ago. They also implored the apex bank to boost foreign exchange allocation to commercial banks with a view to enabling them cater for all genuine demands as well as scale back processing requirements to attract Nigerian into the official foreign exchange loop...
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Forced Migration, Critical Unemployment’: 10 Things World Bank’s Latest Report Revealed About Nigeria
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The World Bank recently put out a report in which Nigeria was x-rayed through the lenses of unemployment, economic hardship, and migration. In the research paper which was put together by a team of economists, it was discovered that Nigeria’s unemployment crisis in recent times is the worst in the nation’s history...
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Foreign Investors Exit Takes Toll as Stock Market Decline by N973.2bn in Seven Months |
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Profit-taking on price appreciation of stocks recorded last year and foreign investors exit Impacted the Nigerian equities market negatively in the first seven months of 2021 as investors lost N973.2billion. Specifically, market capitalisation, which measures the value of all stocks dropped by N973.2billion in seven months to N20.083trillion from N21.057trillion the stock market opened in 2021...
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Riding on COVID-19 waves for economic growth
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The cost of Covid-19 to the global and local economies remains high. Global management conglomerate, McKinsey & Company, estimated that by 2025, Covid-19 will have cost the world between $16 trillion and $35 trillion. Governments, financial sector regulators and businesses have equally faced the need to solve multiple, competing priorities like rising inflation, capacity constraints, and supply-chain disruptions, simultaneously...
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