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Spot FX market revenue increased month over month (MoM) by 25.40% ($1.11 billion) from the revenue recorded in August 2023 ($4.37 billion) to $5.48 billion (N4.15 trillion) in September 2023.

FX Spot Market Posts $5.48 Billion Revenue in September- FMDQ Report

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Since more than ten years ago, numerous studies and research projects have been conducted on the existential threat that climate change poses to the Nigerian economy. All of these studies have demonstrated that, if immediate positive action is not done, the economy will continue to decline. Although Nigeria has implemented policies and programs to address the issues related to climate change, the government may not be recognizing this multi-headed monster for what it is. As the country works to adapt to or minimize the effects of climate change, perhaps steps commensurate with the seriousness of this issue will be taken into consideration.

Climate Change and The Economic Growth of Nigeria

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Inflation is a gradual rising in the overall cost of commodities and services. Certain goods may noticeably go up in price, while others may become cheaper, as well as some goods may not change in price at all. Inflation is assessed by the set of products, goods, and services that the average person or family regularly buys.

Inflation in Different Countries of The World and its Effect on Forex

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Nigerian businesses from manufacturers to importers, who have been on a long queue for dollars may have cause to heave a sigh of relief as the Central Bank of Nigeria (CBN) has announced plans to clear foreign exchange (Forex) backlog obligations in the next two weeks.

CBN to Clear Forex Obligation Backlog in Two Weeks, Plans Clampdown on Illegal operators

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