by Bolarinwa Durojaiye We all know that the Central Bank of Nigeria needs to float the Naira. Hopes that this had been done in mid-2016 when the CBN announced the…
President Muhammadu Buhari says his decision to kick against the devaluation of the Naira in 1984 led to his ouster from office, The Cable reports. Buhari said this in Abuja on Friday night…
by Victor Terhemba. While at Murtala Muhammed International Airport, I over heard a Bureau de change "Mallam" telling a prospective customer that $100 equals to N 46,000. Just then…
by Olamide Eyinla The main topic today in Nigeria is the value of the Naira. Sometime in June 2016, the Naira was floated to reflect its true value as the…
The monetary policy committee (MPC) meeting of the Central Bank of Nigeria (CBN) holding on May 23-24 will not discuss the devaluation of the naira, TheCable is reporting in an…
Africa's richest man, Aliko Dangote has urged investors in Africa to be mindful of the way they project Africa, or risk driving investors out. Dangote stated this at the ongoing…
The naira has been on a steady decline for the past few months. The disparity between rates at the Central Bank of Nigeria (CBN) and that of the parallel market…
In this first of a three-part article, my aim is to get President Muhammadu Buhari to reevaluate his obvious discomfort with the workings of a market economy and change; so…
President Buhari has once again reiterated his earlier resolve not to devalue the Nigerian currency. The presidency asserted this in a statement issued on Saturday by the President's Special Adviser…
The Nigerian Dream, if there ever were such a notion, is facing its greatest challenge in recent times. With a less than one year old government in place with an…
Edo state Governor, Adams Oshiomhole, on Thursday, endorsed the Muhammadu Buhari administration's refusal to devalue the naira, saying that the intention of government was to strengthen the economy, protect the…
by James Sambo The Central Bank of Nigeria (CBN), has officially devalued the Naira. The devaluation took place overnight, as the Nigerian currency will now trade at an official rate…