Beyond greenbacks: the naira as a store of value
…the supply and demand of the naira ought to be the primary concern of the Central Bank of Nigeria. Yet,
Ifeanyi Uddin
October 5, 2023
- June 4, 2026
…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
Remittances – the money migrant workers send to their home countries – have been described as “the hidden engine of
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