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Will Nigeria's foreign reserves rise again? - The Nation Newspaper

Will Nigeria's foreign reserves rise again? - The Nation Newspaper
thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.

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Devaluation: External reserves fall $1.65bn in six months

Nigeria’s foreign exchange reserves have fallen by $1.6bn to $32.97bn since the CBN tried to unify the country’s foreign exchange rates. ....

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Nigeria's fiscal deficit to decline in Q3, Q4 2023 — MPC

Nigeria's fiscal deficit to decline in Q3, Q4 2023 — MPC
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

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FX liquidity seen as CBN lifts dom account restrictions

The foreign exchange market is expected to witness increased liquidity following the removal of restrictions. ....

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Nigeria's Oil Faces Threat As Electric Vehicle Sales Rise

Nigeria’s Oil Faces Threat As Electric Vehicle Sales Rise
The rising number of countries gradually shifting from fossil fuels and encouraging the adoption of electric vehicles may pose a major threat to Nigeria’s crude oil exports.
Sales of electric cars topped 2.1 million globally in 2019, surpassing 2018 – already a record year – to boost the stock to 7.2 million electric cars, with China leading the charge, according to the International Energy Agency.
It said nine countries had more than 100,000 electric cars on the road while at least 20 countries reached market shares above one per cent.
“In 2019, electric vehicles in operation globally avoided the consumption of almost 0.6 million barrels of oil products per day,” the IEA said. ....

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