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Naira Strengthens as Forex Inflows Boost Market Confidence

Nigeria’s local currency is showing signs of renewed strength, as the naira strengthens on rising forex inflows, bringing a wave of optimism to investors and market watchers. After several weeks of fluctuation, the naira appreciated by 0.72 percent, reflecting steady improvements in dollar supply and increased foreign investment activity. Improved Dollar Supply According to market…

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AfDB to Lend Nigeria $500 Million in Budget Support Amid Ongoing Reforms

The African Development Bank (AfDB) has confirmed plans to lend Nigeria $500 million in budget support before the end of 2025, reinforcing its partnership with Africa’s largest economy. The funding forms part of a $1 billion support program aimed at helping Nigeria stabilize its finances and advance crucial economic reforms. According to Bode Oyetunde, Nigeria’s…

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Tinubu Urges UN Reform, Nigeria’s Permanent Seat, and Fair Mineral Benefit at UNGA 80

At the 80th session of the United Nations General Assembly, Nigeria’s national statement delivered by Vice President Kashim Shettima on behalf of President Bola Tinubu called for sweeping reforms in global governance, a permanent Security Council seat for Nigeria, and just benefits for mineral-rich countries. Unity, Reform & Relevance of the UN Shettima, speaking under…

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