Tag: naira

Mazi EmekaAugust 14, 2016

According to the CBN governor, this is why the Naira is falling

Governor of the Central Bank of Nigeria, Godwin Emefiele, on Saturday, explained that the Naira is depreciating against the dollar ...

Adebayo EmuleomoJuly 31, 2016

213bn,12,915… | The 5 numbers that mattered this week

12, 915 The number of ghost workers discovered on the payrolls of 23 local governments in Sokoto N218.7 million The ...

Isime EseneJuly 21, 2016

How to solve Nigeria’s current Forex scarcity, by Dolapo Oni

by Dolapo Oni Nigeria urgently needs to increase the supply of dollars in the economy, especially at the interbank market ...

Op-Ed EditorJuly 15, 2016

Oluwatosin Olaseinde: The key things to note before entering the job market (Y! Naira&Kobo)

by Oluwatosin Olaseinde Make or Break: Your First Job Congratulations, you have completed your degree and you have been assigned a ...

Mazi EmekaJuly 6, 2016

New forex policy: Import duty increases

Custom duties on imported cargoes has skyrocketed to 43 percent following the implementation of the Central Bank of Nigeria’s new ...

Adebayo EmuleomoJuly 3, 2016

Nigerians will not buy airline tickets in foreign currency anymore – This is why

Airlines operating in Nigeria have been warned by the Nigerian Civil Aviation Authority (NCAA) to desist from selling flight tickets ...

Mazi EmekaJune 28, 2016

The Big 5: These are the stories you should be monitoring today

These are the top five stories to monitor today. Presidency and Saraki in war of words Following the accusations made ...

Mallam YeroJune 27, 2016

How we lost over N50bn in one week – Dangote

Africa’s richest man and President of Dangote Group, Aliko Dangote revealed on Saturday, that his company lost N50 billion to the ...

Isime EseneJune 22, 2016

Opinion: What do you want Okonjo-Iweala to do?

by Bade Adebolu Nigeria is struggling in the face of a 40 percent slump in crude prices since the second half ...

Adebayo EmuleomoJune 20, 2016

Nigerian Stock Market: Investors lose ‘N46bn in a few hours’

The ripple effects of the new foreign exchange regime started by the Central Bank of Nigeria (CBN) today has already ...

Adebayo EmuleomoJune 20, 2016

Naira gains beyond expectations in parallel market

The new foreign exchange regime announced by the Central Bank of Nigeria (CBN) appears to be effecting positive reactions on the ...

Op-Ed EditorJune 20, 2016

Opinion: FG’s tubers of yam and 4 other things

By Simon Kolawole The naira has just been effectively devalued — so why are some people jubilating? The way economists, ...

Op-Ed EditorJune 17, 2016

The week ahead – A light has appeared at the tunnel’s end

The CBN has finally let go of pegs on the naira, allowing the market forces to determine the true value ...

Adebayo EmuleomoJune 11, 2016

‘When you say oil, people term it to be corrupt’ – Dangote (WATCH)

Aliko Dangote, business magnate and Africa’s richest man has told a rare story of his worst day in business as ...

Adebayo EmuleomoJune 10, 2016

MTN to apologise to FG, pay fine in 6 tranches… [DETAILS]

The 6 months spent negotiating with the Federal Government has finally paid off for telecoms giant, MTN as the N1.04 trillion ...

Op-Ed EditorJune 10, 2016

Opinion: Defining the change Nigerians want

by Bryan Jetem Obaji Change for many people could mean different things whether positive or negative, depending on the way an ...

Adebayo EmuleomoMay 29, 2016

Full text of President Buhari’s Democracy Day speech (READ)

President Muhammadu Buhari has delivered his Democracy Day address to Nigerians today in commemoration of his first year in office. ...

Mazi EmekaMay 27, 2016

‘I don’t rule the country alone’ | President Buhari speaks on his biggest shock in office

President Muhammdu Buhari, on Thursday, disclosed that he was shocked when he was informed that oil would sell at $30 ...

Adebayo EmuleomoMay 25, 2016

Senate wants Adeosun and Emefiele to explain why the economy is in a mess

The Senate has requested the presence of the Minister of Finance, Kemi Adeosun and the Governor of the Central Bank ...

Adebayo EmuleomoMay 24, 2016

CBN bows to pressure, adopts flexible foreign exchange

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has asked the number one bank of the nation ...

YWriterMay 22, 2016

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 ...

Adebayo EmuleomoMay 15, 2016

Even the president of the Bureau de Change association is wailing

The President of Association of Bureau de Change of Nigeria, Aminu Gwadabe, has declared that there is no better option ...

Adebayo EmuleomoMay 14, 2016

Lai Mohammed is explaining, and explaining and explaining why he asked for N13m loan

First, he gave a curt response to SaharaReporters, that blew the whistle. Then, he gave an interview to Lagos’s Radio ...

Adebayo EmuleomoMay 14, 2016

“There is no money to buy fuel to power generators” | NBC staff under Lai Mohammed cry out

Nigerians are still talking about leak of a memo from Lai Mohammed to the NBC requesting for N13 million loan ...

Adebayo EmuleomoMay 4, 2016

Nigeria to overcome fuel scarcity as marketers get access to forex

It appears that a temporary end to the continued scarcity of petrol across the nation is around the corner. The ...

Azubuike AzikweApril 22, 2016

Naira was strong under my leadership in ’85 – Buhari

President Muhammadu Buhari further justified his stance on the devaluation of the naira on Friday, when he met with retired ...

Op-Ed EditorApril 18, 2016

Opinion: Buhari’s incessant trips and the gains therein for Nigeria

The news made the rounds a couple of days back, that Vice President, Yemi Osinbajo was booed on his visit ...

Adebayo EmuleomoMarch 10, 2016

‘Economic terrorists’ at war with the Naira… EFCC called to action [DETAILS]

‘Unscrupulous elements hiding under the cloak of market forces’ are behind the problems bedeviling the Nigerian currency- Naira- says the ...

Op-Ed EditorMarch 9, 2016

Kemi Adeosun: Making every naira count and building the economy Nigeria deserves

Economists have long found Nigeria to be something of a conundrum. The macro picture has always appeared compelling – large ...

Adebayo EmuleomoFebruary 28, 2016

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 ...

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