$3.3bn Loan-For-Crude: FG Gets $925m Lifeline As Naira Trades 1,481/$
As the naira continues to weaken near the 1,500/dollar band at the official and parallel foreign exchange market, the Federal Government has received a lifeline of $925m from the Afrieximbank to boost the forex market and meet its dollar obligations. The local currency has been under pressure against the United States dollar and other major global currencies in recent weeks due to the forex shortage. The Central Bank of Nigeria […]
