Listen "The Naira Hits a New Low in the Exchange Window, 17th July 2023"
Episode Synopsis
"Breaking News: The Naira Hits a New Low in the Exchange Window, and World Remit Adds Nigeria's Currency. This is a quick summary of Nigeria's News Headlines on News Scroll, at Midday.I am Lola, and Today is July 17th, 2023.Here are top News Headlines, filtered from multiple sources. Benin Bronzes held in British museums will be repatriated, as Nigeria has set out ground rules, which means the artifacts will find a new home. Report by, The National News.WorldRemit adds Naira currency, as an option for transfers to Nigeria. Report by, Paypers.Our final 3 Headlines are as reported by Vanguard NG, Hallmark News, and Cryptopolitan.The Nigeria Naira hit a new low, at the weekend, trading 803.9 naira to a dollar, in the Investors & Exporters window. The CBN has disclosed that it recovered 471.82 billion naira, as cumulative repayment, from the bank’s intervention programs in the first half of 2022. The CBN has reduced the Cash Reserve Requirement for merchant banks, from 32.5% to 10% to enhance liquidity and enable increased lending capacity.This Rounds Up the Mid Day's News Updates in Nigeria, via News scroll.
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