The naira has continued to rise against the dollar, appreciating N1,136/$ at the official market and below N1,000/$ at the parallel market at the close of trading activities on Monday.
Goldman Sachs had projected that the local currency could exchange … Read the rest
In the last two weeks, the Central Bank of Nigeria (CBN) and other banking institutions have improved dollar supply to the foreign exchange market by $2.5bn, making the naira strengthen to N1,309 against the United States dollar.
Official figures obtained … Read the rest
By Farooq Kperogi
The naira is progressively rebounding against the dollar and petrol prices have remained largely stable, but inflation keeps rising almost unstoppably. Something isn’t adding up. If the initial drivers of inflation have been relatively tamed, why isn’t … Read the rest
In a significant turn of events, the Naira has maintained an upswing against the United States Dollar as it closed at N1,382/$ on the official NAFEM window, as against the N1,598/$1 it was at the beginning of the week.
The … Read the rest
Former Vice President Atiku Abubakar has said President Bola Ahmed Tinubu has no clear ideas on how to solve the foreign exchange crisis which has affected the naira and exacerbated the economic crisis in the country.
He proffered several ways … Read the rest
It is barely one week to Christmas but many Nigerians are left frustrated over their inability to get the cash (naira) requirements that they need for their daily transactions.
Naira scarcity has hit major cities across the country as several … Read the rest
The Nigerian naira appreciated against the dollar on Wednesday, 1st November 2023, closing at N786.02/$1 at the official market.
This represents a 3.73% increase from the N815.32/$1 recorded on the previous day.
The intraday high recorded was N1101.00/$1, while the … Read the rest
When I first suggested that the Buhari regime’s naira “redesign” policy was strategically conceived to cripple Bola Tinubu’s financial tendons for the 2023 presidential election, many people, particularly wide-eyed APC partisans, scoffed at me. But the very people who thought … Read the rest
“My own brother!”
“What’s up men? Have you gone to deposit all the N200, N500, N1,000 notes that you have at home in the banks so you can exchange them for new notes by the deadline of January 31.”
“What … Read the rest
