FG Attributes Naira’s Impressive Rebound to Boost in Oil Revenues, Diaspora Remittances, and FX Backlog Clearance
Factors Driving the Recent Strengthening of the Nigerian Naira Tanimu Yakubu, the Director-General of Nigeria’s Budget Office of the Federation, has attributed the recent appreciation...
Factors Driving the Recent Strengthening of the Nigerian Naira Tanimu Yakubu, the Director-General of Nigeria’s Budget Office of the Federation, has attributed the recent appreciation of the Nigerian Naira to several key economic drivers. Among these are increased oil revenue inflows, robust remittances from Nigerians living abroad, and the resolution of outstanding foreign exchange obligations....