FX For Pilgrims: Rate was based on initial agreement – Emefiele

Nigeria's government says the rise will only affect 1.5 million consumers, mostly manufacturers. But analysts believe the hike will lead to higher inflation and result in job losses and closures of businesses.

A decade on, the world has largely forgotten about the Chibok girls, who were kidnapped by Nigeria's Boko Haram Islamist militants. But for victims and their families, like Solomon Maina, who is still waiting for news about his daughter, the tragedy is ongoing.

According to the International Monetary Fund (IMF), a 10% rise in the dollar on the currency market would push down real gross domestic product (GDP) in emerging economies by 1.9% after one year, with adverse economic effects lasting more than two years