The Nigerian naira remained stuck at N1600/$ in the black market on Wednesday, despite improving fundamentals in the country’s foreign
On Monday, the Naira appreciated at the official market, trading at N1,607.15 to the dollar. Data from the FMDQ Exchange,
She warned that restricting naira transactions on cryptocurrency exchanges could drive Nigerians to US dollar-denominated assets, worsening the naira’s
In a concerning development for Nigeria’s economic landscape, the Naira has plummeted to a three-week low, concluding at N1,488.60 per
Nigeria’s naira crisis cannot be resolved by only monetary policies. Complementary fiscal reforms, reducing government expenditure, and growing the nation’s
“A (developing) nation’s exchange rate is indeed too important to leave completely in the hands of “market forces”. 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
…the supply and demand of the naira ought to be the primary concern of the Central Bank of Nigeria. Yet,
On Wednesday, NNPC announced securing a $3 billion crude oil backed loan from AFREXIM Bank in Cairo. It is noted
Three days after the Supreme Court’s ruling on the old Naira notes, no respite is still in view. On Monday,
President Muhammadu Buhari has instructed the Central Bank of Nigeria (CBN) to shift the deadline for the usage of old
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