{"id":113911,"date":"2024-03-22T21:35:08","date_gmt":"2024-03-22T20:35:08","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/rewane-names-naira-appreciation-against-usd-two-others-as-good-news-for-nigerian-economy-2"},"modified":"2024-03-23T00:44:39","modified_gmt":"2024-03-22T23:44:39","slug":"rewane-names-naira-appreciation-against-usd-two-others-as-good-news-for-nigerian-economy-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/culture-and-art\/rewane-names-naira-appreciation-against-usd-two-others-as-good-news-for-nigerian-economy-2","title":{"rendered":"Rewane names Naira appreciation against USD, two others as good news for Nigerian economy"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The Managing Director\/Chief Executive Officer of Financial Derivatives Company Limited, Bismark Rewane, said the continued Naira appreciation, forex backlog clearance, and refinancing of existing bond obligations are good news for Nigeria\u2019s economy.<\/p>\n

Rewane disclosed this on Thursday as a Channels Television\u2019s Politics Today guest.<\/p>\n

According to him, Nigeria\u2019s economy is moving in the right direction. He, however, stated that the country\u2019s growth pace is slow.<\/p>\n

\u201cNigeria\u2019s economy is leaping and grasping at the same time. But let\u2019s break it down. In the past three weeks, the Naira has appreciated by about 28 per cent, from N1,915 per USD to N1,475, which is good news.<\/p>\n

\u201cNigeria has announced that all forex backlogs have been cleared, which is good news.<\/p>\n

\u201cThe third good news in Nigeria is to refinance its existing bond obligations, which is also moving in the right direction but very slowly. We are dealing with a population that is anxious, angry, hungry and very restive; we have to consider that\u201d, he said.<\/p>\n

Naira continued its three-week-long appreciation drive on Thursday, trading at N1,382 per USD compared to N1,492 the previous day.<\/p>\n

The CBN said on Tuesday that it has cleared all of the forex backlog.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The Managing Director\/Chief Executive Officer of Financial Derivatives Company Limited, Bismark Rewane, said the continued Naira appreciation, forex backlog clearance, and refinancing of existing bond obligations are good news for Nigeria\u2019s economy. Rewane disclosed this on Thursday as a Channels Television\u2019s Politics Today guest. According to him, Nigeria\u2019s economy is moving in […]<\/p>\n","protected":false},"author":84,"featured_media":113910,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,17],"tags":[1570,2140,254,2096,3328],"class_list":["post-113911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-culture-and-art","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-nigerian-economy","tag-rewane"],"yoast_head":"\nRewane names Naira appreciation against USD, two others as good news for Nigerian economy - Nigeria<\/title>\n<meta name=\"description\" content=\"The Managing Director\/Chief Executive Officer of Financial Derivatives Company Limited, Bismark Rewane, said the continu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/culture-and-art\/rewane-names-naira-appreciation-against-usd-two-others-as-good-news-for-nigerian-economy-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rewane names Naira appreciation against USD, two others as good news for Nigerian economy\" \/>\n<meta property=\"og:description\" content=\"The Managing Director\/Chief Executive Officer of Financial Derivatives Company Limited, Bismark Rewane, said the continu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/culture-and-art\/rewane-names-naira-appreciation-against-usd-two-others-as-good-news-for-nigerian-economy-2\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-22T20:35:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-22T23:44:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711134620.614827.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1359\" \/>\n\t<meta property=\"og:image:height\" content=\"906\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/culture-and-art\/rewane-names-naira-appreciation-against-usd-two-others-as-good-news-for-nigerian-economy-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/culture-and-art\/rewane-names-naira-appreciation-against-usd-two-others-as-good-news-for-nigerian-economy-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Rewane names Naira appreciation against USD, two others as good news for Nigerian economy\",\"datePublished\":\"2024-03-22T20:35:08+00:00\",\"dateModified\":\"2024-03-22T23:44:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/culture-and-art\/rewane-names-naira-appreciation-against-usd-two-others-as-good-news-for-nigerian-economy-2\"},\"wordCount\":228,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/culture-and-art\/rewane-names-naira-appreciation-against-usd-two-others-as-good-news-for-nigerian-economy-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2024\/03\/sm_1711134620.614827.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\",\"Nigerian Economy\",\"Rewane\"],\"articleSection\":[\"all news\",\"Culture and Art\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/culture-and-art\/rewane-names-naira-appreciation-against-usd-two-others-as-good-news-for-nigerian-economy-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/culture-and-art\/rewane-names-naira-appreciation-against-usd-two-others-as-good-news-for-nigerian-economy-2\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/culture-and-art\/rewane-names-naira-appreciation-against-usd-two-others-as-good-news-for-nigerian-economy-2\",\"name\":\"Rewane names Naira appreciation against USD, two others as good news for Nigerian economy - 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