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The Department of State Services is likely to approach the court on Tuesday to obtain an order to keep the suspended Governor of the Central Bank of…
Early policy statements of President Bola Tinubu, suggest that the days of continuous tightening of monetary policy with the aim of taming surging inflationary pressure in Nigeria may have been over.
(AFRICAN EXAMINER) - The President of the World Bank Group, David Malpass, has warned that Nigeria’s parallel exchange rate is harmful as it worsens future debt service payments and increases the risk of debt distress. Malpass said this in a blog post titled ‘Parallel Exchange Rates: The World Bank’s Approach to Helping People in Developing
Parallel markets intensified recently with the COVID-19 pandemic through its initial impact on commodity prices and more lasting supply chain disruptions for critical goods and services.