The World Bank has advised Nigeria’s Central Bank to end ad-hoc FX auctions and adopt a transparent, structured approach to stabilize the naira, strengthen foreign reserves, and improve liquidity, amidst concerns over rising non-performing loans and currency market volatility.
Facing critical reports, the Nigerian Presidency clarifies the economic challenges inherited by President Tinubu and the strategic measures implemented for recovery.
Former president Goodluck Jonathan says Nigeria must be greater than any party or sectional interest, urging politicians to rise above ethnic and regional divides.
Nigeria has pitched its Renewed Hope housing partnership to delegations from 36 African countries in Addis Ababa, citing about $125 million in private investment.