The Central Bank of Nigeria (CBN) on Friday intervened in the foreign exchange market, injecting $197.71 million to stem the
The Naira continued its steady appreciation against the US dollar, rising to ₦1,490/$ in the parallel market on Monday, marking
Dr. Kingsley Moghalu, Nigerian political economist and former Deputy Governor of the Central Bank of Nigeria (CBN), has announced his
The Nigerian naira remained stuck at N1600/$ in the black market on Wednesday, despite improving fundamentals in the country’s foreign
Nigeria’s naira crisis cannot be resolved by only monetary policies. Complementary fiscal reforms, reducing government expenditure, and growing the nation’s
If we agree that transparency is increasingly of the essence, then the Central Bank must also stop leaning against the
The naira, Nigeria’s currency, has been under severe pressure in recent months, and the Central Bank of Nigeria (CBN), the
Today, confronting evidence of the cackhandedness of our management of our foreign exchange resources until very recently, the question turns
The exchange rate or the external value of the naira is the most important price in the Nigerian economy. Hence,
International rating organisation, Fitch Ratings has said that foreign exchange liquidity and dollar shortage pose significant risks to the ratings
Abundant oil revenues enabled Nigerian governments to institute vast subsidies and statist economic controls. These government interventions progressively weakened the competitiveness of
The Nigerian Naira on Thursday continued its downward slope in recent days, as it exchanged for the dollars at N462
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