Browsing Tag

reserve

Nigeria Faces $9 Billion Loss in Derivatives Amid Reserve Cleanup

In an eyebrow-raising turn of events, the Central Bank of Nigeria (CBN) reported a staggering loss of 13.9 trillion naira (approximately $9 billion) in 2024 due to settling overdue derivatives contracts. This significant financial setback is part of the bank's broader strategy to reduce foreign currency liabilities and bolster investor confidence in the naira, as noted in a recent Bloomberg report. Reflecting on this context, one must wonder: what does this mean for the average Nigerian citizen? Are we…

a bill to reserve access to

National Deputy Nsingi Pululu presented a text on Thursday on the National Assembly office aimed at reserving exclusively for Congolese-born Congolese father and mother access to the state's highest office. This initiative is shared by the Congolese. as reported from Kinshasa, Kamanda wa KamandaThis process was initiated by a…

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