Key Points The Nigerian Naira depreciates against the US Dollar by 0.47% on the official exchange market. The exchange rate
She warned that restricting naira transactions on cryptocurrency exchanges could drive Nigerians to US dollar-denominated assets, worsening the naira’s
President Joe Biden received some welcome news on Wednesday as the US consumer price index (CPI) fell to 3.3 percent
If we agree that transparency is increasingly of the essence, then the Central Bank must also stop leaning against the
Today, confronting evidence of the cackhandedness of our management of our foreign exchange resources until very recently, the question turns
In July 2021, Lagos-based software engineer Sodiq Lawal was working on a project for a fintech startup when the Central
“Our interviews show that the CBN policy of rationing forex has pushed demand to the black market for foreign
Every week, Yunus Ibrahim, speaks to a DIY investor about what they invest in and why. The interviews are anonymous.
Recent slides in the official exchange rate of the Naira and the dramatic widening of the parallel market premium signaled
What should we do about all of this? As I have said before, and say again, we have two options.
With the naira’s exchange rate plumbing new depths and the balance on the gross external reserves scraping the bottom of
The exchange rate or the external value of the naira is the most important price in the Nigerian economy. Hence,
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