Author: meridianspy

Nigeria’s FX Reserves Drop by $1.02B Amid CBN’ Naira Defence Nigeria’s foreign exchange reserves have dropped by $1.02 billion over the last 18 days, as the CBN continues its aggressive defence of the naira. As of April 4, 2024, the reserves stood at $33.43 billion, down from $34.45 billion on March 18, according to CBN data. The decline comes as the CBN continues to intervene in the foreign exchange market to support the naira. The report revealed that Nigeria’s foreign exchange reserve plummeted to its lowest level since February 20, 2024, when it was $33.42 billion. This marks a decisive…

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N/Assembly Postpones Resumption Date, Details Emerge The Nigerian Senate has announced a postponement of its scheduled resumption from the ongoing Easter and Sallah break, moving the date from Tuesday, April 16, 2024, to Tuesday, April 23, 2024. This decision was communicated to senators through a brief message from the Clerk to the Senate, Chinedu Akubueze, citing “unforeseen circumstances” as the reason for the delay. This announcement follows a similar decision by the House of Representatives, which also delayed its resumption to April 23. The House cited ongoing renovations to the main chambers as the cause for their postponement, ensuring that…

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