Foreign exchange

BREAKING: Nigeria’s net foreign exchange reserve hits highest level in 3 years — CBN

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Nigerian firm sues CBN for N4.1b over alleged negligence

The Central Bank of Nigeria (CBN) has reported the highest Net Foreign Exchange Reserve (NFER) position as of the end of 2024. According to CBN data, NFER stood at $23.11 billion, the highest level in over three years. The improvement marked an increase from $3.99 billion at… Nigeria’s net foreign exchange reserve hits highest level … Read more

COCOA-CRAZY: “Gains, Crime, Newer Opportunities,…” – How the ‘dollar rate’ is driving young Nigerians to farms

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COCOA-CRAZY: “Gains, Crime, Newer Opportunities,…” – How the ‘dollar rate’ is driving young Nigerians to farms

Cocoa-crazy is more than just a word; it’s a way of life. Many young people have entered the cocoa business as a result of the sudden increase in the price of cocoa seeds following the removal of fuel subsidies. From Oyo, Ondo, Ogun, Ekiti, and Osun, there has been an inflow of young people lured… … Read more