The Presidential Committee on Fiscal Policy and Tax Reforms has recommended that the federal government adopt a fixed exchange rate
“The CBN has achieved a unified exchange rate – this has eluded Nigeria for 11 years. All this is
The Central Bank of Nigeria has banned the sales of forex on the streets across the country. The order for
The Central Bank of Nigeria has directed all Bureaux De Change operators in Nigeria to reapply for new licences as
Nigeria’s naira crisis cannot be resolved by only monetary policies. Complementary fiscal reforms, reducing government expenditure, and growing the nation’s
“Ironically, the BUA Group, a rival conglomerate that…has conducted a high-profile campaign accusing Dangote of illegal accumulation of subsidised foreign
The current president of Nigeria, Bola Tinubu, has implemented reforms that, despite their challenges to economic growth, could result in
“A (developing) nation’s exchange rate is indeed too important to leave completely in the hands of “market forces”. The
If we agree that transparency is increasingly of the essence, then the Central Bank must also stop leaning against the
The value of the Nigerian Naira has been consistently falling against major international currencies in recent times, particularly the US
The naira, Nigeria’s currency, has been under severe pressure in recent months, and the Central Bank of Nigeria (CBN), the
In recent times, Nigeria has witnessed a concerning phenomenon: the departure of pharmaceutical companies due to economic challenges. GlaxoSmithKline (GSK),
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