Tag
CBN INTERVENTIONS
The naira has experienced consecutive double-digit appreciation on the official market, and sources say that the Central Bank of Nigeria (CBN) has been selling more dollars on the official market in anticipation of a $1.3 billion non-deliverable forward (NDF) maturing today Wednesday, May 29, 2024.
Rice farmers under the aegis of the Rice Farmers Association of Nigeria (RIFAN) have defaulted on about 52% of a N283.01 billion loan.
This is according to Nigeria’s Integrated National Financing Framework (INFF) a report commissioned by the government
Nigeria imported agric products valued at N1.97 trillion in 2021, surging by 42% year-on-year compared to N1.19 trillion recorded in the previous year.