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
The operational licences handed to Space Exploration Technologies Corp (SpaceX), owned by world’s richest man, Elon Musk, to operate in
Much of the changes required, therefore, to enable the naira float freely are the same ones required to fix the
Nigeria is much more populous than Ghana, South Africa or Egypt but imports less than these countries. Many Nigerians claim
Recent slides in the official exchange rate of the Naira and the dramatic widening of the parallel market premium signaled
The exchange rate or the external value of the naira is the most important price in the Nigerian economy. Hence,
“Nigeria’s $1.5 billon World Bank loan is a modified Fulani marriage; it has gotten a skinny plain bride for a
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