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),
In a significant development for Nigeria’s financial markets, MSCI Inc., a popular provider of investment decision tools and services, has
On Wednesday, NNPC announced securing a $3 billion crude oil backed loan from AFREXIM Bank in Cairo. It is noted
“Our interviews show that the CBN policy of rationing forex has pushed demand to the black market for foreign
Nigeria’s overvalued foreign exchange rate causes dollar scarcity, inflation, and poverty. The next president should adopt a free market rate
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