black market
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Naira exchange rate
Forex Woes: Patients Left in Limbo As Nigeria’s Pharmaceutical Industry Plunged into Peril
In recent times, Nigeria has witnessed a concerning phenomenon: the departure of pharmaceutical companies due to economic challenges. GlaxoSmithKline (GSK),…
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Naira exchange rate
The Naira in 2021: Gap between CBN & Parallel Market Rates to Stay
The exchange rate or the external value of the naira is the most important price in the Nigerian economy. Hence,…
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People & Money
“Our children would die of hunger” – Nigeria’s Forex Dealers Lament Dollar Scarcity
In May 2020, the Director of Nigeria’s Budget Office revealed that the country had lost around 80% of oil revenue…
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Naira exchange rate
“CBN Forex Rate is a Joke”: Why the Black Market Is Popular
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, last week criticized Nigerians for patronizing the black market for foreign…
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Naira exchange rate
Despite CBN Interventionist Strategies, Naira Exchanges for N462
The Nigerian Naira on Thursday continued its downward slope in recent days, as it exchanged for the dollars at N462…
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Naira exchange rate
“This is Ridiculous”: Nigerians React to 100 Dollar Naira Debit Card Spending Limit
We spoke to seven Nigerians about how the new $100 limit is affecting them – they range from Lagos businesswomen…
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Working Lives
The Dollar Mallam: Thriving Amid Naira Devaluation in the Black Market
The Dollar Mallam Who Gets A lot of Customers After Naira Devaluation In this exclusive interview, we delve into the…
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