Nigeria’s FX crisis deepens as gap between naira’s official, black market rates widest in six years
Naira fell to N715 against the dollar at the black market on Friday, leaving the gap with the official market ...
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Naira fell to N715 against the dollar at the black market on Friday, leaving the gap with the official market ...
![President Muhammadu Buhari [Photo: Presidency]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2019/10/29083.jpg?fit=650%2C400&ssl=1)
Earlier in January, the IMF projected that Nigeria’s real Gross Domestic Product will grow by 2.5 per cent in 2020 ...
![Oil Barrels used to illustrate the story. [Photo credit: ThePointNG]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2018/05/oil-barrels.jpg?fit=550%2C366&ssl=1)
An official says pick-up in the non-oil economy was also responsible for the predicted growth.
![International Monetary Fund (IMF). [PHOTO CREDIT: IMF]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2017/04/IMF.jpg?fit=1000%2C541&ssl=1)
The IMF released a statement in Washington on Friday.
He said there was need for prudent fiscal policy to rein in public debt.
