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
“Our interviews show that the CBN policy of rationing forex has pushed demand to the black market for foreign
Much of the changes required, therefore, to enable the naira float freely are the same ones required to fix the
One of Nigeria’s leading financial advisory and investment banking firms, United Capital PLC, has suggested ways to cope with the
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