Tag: devaluation

Opinion: Despite the recession, this is why the CBN cannot float the naira yet

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…

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My stance against devaluation in 1984 led to my overthrow – Buhari

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…

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Opinion: Nigerians killed the naira, only nigerians can revive the naira

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…

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Opinion: Who parallel market epp?

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…

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Morning Devotion: A float that is not really a float yet

As the second quarter of the year comes to end, Joachim MacEbong talks about the recent currency float by the CBN. Take a listen.

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Report: The CBN will not devalue the naira

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…

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‘Devaluation or not, we will invest in Nigeria’ | Dangote’s faith is unshakeable

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…

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Opinion: The unstable Naira and the role of spendthrift Nigerian governors

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…

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Ezekwesili

Oby Ezekwesili: Mr President, ideologies don’t deliver results for the poor

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…

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Why we won’t devalue the naira – Buhari

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…

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Abdulsamad Rabiu: Fixing the Nigerian economy… beyond forex or naira devaluation

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…

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‘Some people are manipulating the naira’ – Oshiomhole

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…

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CBN officially devalues Naira

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…

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