Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation […]
Nigeria’s naira dropped to a record low against the dollar on the official market on Tuesday, FMDQ Exchange data showed on Wednesday, slipping below rates on the unofficial parallel market in intra-day trades. The naira […]
Nigeria’s naira is on the brink of breaching 1,000 per dollar after falling to an official record low of 999 last week, Refinitiv data showed, tracing its weakness on the unofficial market where it trades […]
• Offical rate now N999/$1 Nigeria’s naira hit a new record low of N999 per dollar on the official market on Thursday, October 19, 2023, Refinitiv data showed, in line with weakness on the parallel […]
The safe-haven dollar and Japanese yen inched higher on Monday as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East. Risk sentiment was fragile after Israeli forces fought gunmen […]
Nigeria’s naira traded at a record low of N860 per dollar on the black market on Thursday, July 20/2023, according to traders, weakening below its official rate a month after the country devalued the currency […]
By Oluwafemi Popoola There is no way one can extricate the Central Bank of Nigeria (CBN) governor, Godwin Emefiele, from the behemoth of the catastrophe that has befallen our Naira. The CBN boss needs to […]
• Advises CBN to review strategy, synergize, to make naira exchange rate reflect market reality BACKGROUND Against the viral media reports of a section of the media interpreting the position of Nigeria’s Vice President, Prof […]
• As VP narrates how Buhari’s ESP post-Covid-19 stimulus rescued economy, safeguarded jobs • Wants CBN, commercial banks to ensure speedy release of structured lending Nigeria’s Vice President, Prof Yemi Osinbajo, SAN, has urged the […]
The Central Bank of Nigeria (CBN), has devalued the country’s naira at one of its currency auctions, it was learnt. The CBN Governor Godwin Emefiele, had, last month, announced that the bank planned to unify […]
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