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Naira Strengthens at Official, Parallel Markets ‎The naira appreciated across both the official and parallel foreign exchange markets on Thursday. ‎A source at the Abuja black market told Economic Confidential that as of May 15, the naira was trading at ₦1,620 per dollar for buying and ₦1,625 for selling…Read More

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MPC: Reps Warn CBN Against Interest Rate Hike The House of Representatives Committee on National Planning and Economic Development has warned the Central Bank of Nigeria (CBN) against the adverse effects of maintaining high interest rates in its bid to curb inflation. Chairman of the committee…Read More

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Development Banks Project $610m to Combat Africa’s Climate Threat The African Development Bank and the Islamic Development Bank are pooling a $610m joint initiative to combat climate-driven fragility and bolster resilience in Africa’s most vulnerable regions, particularly the Sahel and Horn of Africa. The announcement was made via a statement shared on AfDB’s Facebook page […] The post Development Banks Project $610m to Combat Africa’s Climate Threat appeared first on Economic Confidential…Read More

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