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    Botswana’s women boxing on the rise 

    Boxers Finally Receive their Prize Money from 2022 African Championships

    Darts Expects Only P50K from BNSC for 2023/24

    Darts Expects Only P50K from BNSC for 2023/24

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    Botswana athletes to train in USA

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

    Boxers yet to Receive Prizes from 2022 African Boxing Championships 

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    April will see 2nd Instalment of Summer Kids Marathon

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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      Nigeria is failing to capitalise on higher-than-expected oil prices

      mm by RMB Africa Research
      September 5, 2022
      in News
      Reading Time: 1 min read
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      Nigeria is failing to capitalise on higher-than-expected oil prices
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      The latest data from the Central Bank of Nigeria (CBN) showed that foreign currency reserves halted two months of increases in August, falling by 0.50 percent (or US$194.34m) to US$39.02bn.

      The fall in Nigeria’s foreign exchange reserves came despite the oil price remaining above the benchmark set by the Federal Government in the 2022 budget, highlighting how Nigeria is failing to capitalise on still higher-than-expected oil prices. For context, crude oil averaged around US$98 per barrel in August, which compares with the Federal Government’s benchmark of US$62 per barrel. The August drop adds to the broader declining trend, with Nigeria’s foreign currency reserves falling in five out of the past eight months amid dwindling oil production due to theft and vandalism and continued CBN intervention to prop up the naira.

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