-
CBN’s Forex Intervention Drops by $930m
The Central Bank of Nigeria’s foreign exchange intervention in the economy declined by $930m in the third quarter of 2021 to $4.03bn from $4.96bn in Q2. The CBN disclosed this in its report on the supply of forex for the third quarter of 2021. Its intervention in the Investors & Exporters, SMEs and the invisible…
-
Could Syringe Shortage Slow Down Vaccination Drive In Africa?
The United Nation’s fund for children, UNICEF, is predicting an “imminent shortfall” of up to 2.2 billion of the single-use syringes used for Covid-19 vaccination, a report that poses a huge problem for the vaccination drive in Africa. As vaccines begin to flood the continent, the WHO shared that the shortage of both single-use syringes…
-
Over 72% Of CBN Intervention Funds Remain Outstanding
As at December 31st 2020, over N3 trillion out of the N4.2 trillion intervention funds disbursed by the Central Bank of Nigeria are outstanding. This is a total of 72.5 percent yet to be reimbursed to the apex bank. According to data from the recently released fourth-quarter economic report (4Q’2020) of Nigeria’s Apex bank, the…