Tag: naira devaluation

Tinubu’s Opposition to Academic Records Probe Suspicious – Atiku’s Counsel; Cooking Gas Prices Set to Surge From Next Week, Marketers Warn – Okonjo-Iweala | 5 Things That Should Matter Today

Tinubu's Opposition to Academic Records Probe Suspicious - Atiku's Counsel Cooking Gas Prices Set to Surge From Next Week, Marketers Warn Okonjo-Iweala Denounces False ‘Threat Letter’ Following Meeting with President…

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Naira falls to N710 to the dollar

The naira has further depreciated in the black market and is now trading for N710 to the dollar on the Aboki Forex exchange website. According to reports on Wednesday, the…

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Naira falls to N645 per dollar

According to a listing on Aboki Forex, a website that provides users with information about the exchange rates at which various currencies are traded on both official and unofficial markets,…

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Devalue the naira | EU advises Nigeria on recession

An official of the European Union (EU), Fillippo Amato on Monday advised the Federal Government to devalue the naira, as part of measures to bring the country out of recession. Amato,…

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Opinion: Recession – Is the worst really over?

by Jideofor Adibe With Nigerians waddling through what is generally regarded as the country’s worst economic crisis in over two decades, the CBN Governor, Godwin Emefiele, has just dangled what some…

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Opinion: How Godwin Emefiele caused millions of Nigerians to lose jobs

by Dr. Peregrino Brimah The direct policies of the central bank of Nigeria, CBN have been and continue to be at the helm of the current economic crisis and recession…

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Opinion: Naira devaluation… to do or not to do? – An explainer

In mid-2015, the global price of crude oil which is Nigeria’s major source of foreign exchange tanked. One of the ripple effect of this price crash was a severe dip…

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Femi Pedro: Buhari, the currency crisis and naira devaluation conundrum

Our nation is currently submerged in a currency crisis. The value of our national currency is tumbling against the dollar on a daily basis, and our foreign exchange reserves continue…

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‘Naira would exchange for N700 to a dollar, if…’

Owing to the persistent depreciation of the value of the Nigerian currency- Naira- the Lagos Chamber of Commerce and Industry and the Association of National Accountants of Nigeria, on Friday,…

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