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The YNaija Tracklist: Troops arrest Boko Haram suspect with N1.3m cash | Why naira is appreciating – CBN | More stories
From the papers this morning - a Tracklist. It’ll take a miracle for Buhari to return naira to its former exchange rate – Soludo - YNaija Troops arrest Boko Haram…
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Why naira is appreciating – CBN
by Azeez Adeniyi The Central Bank of Nigeria (CBN) has said the recent appreciation of the naira against other currencies was due to intelligent work. Acting director, corporate communications, Isaac…
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It’ll take a miracle for Buhari to return naira to its former exchange rate – Soludo
Former Governor of the Central Bank of Nigeria (CBN), Charles Soludo has said President Muhammadu Buhari inherited a 'very bad' economy and has made it even worse. Soludo spoke at…
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Facebook introduces Naira payment for ads
by Dolapo Adelana Chief product officer of Facebook, Chris Cox has said the social networking platform is now accepting payment for advertisement in naira. Cox disclosed this at an interactive…
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EDITORIAL: It will take a lot more than this new monetary policy to undo the damage CBN has done
After months of taking a battering at the foreign exchange markets, this past week has seen the naira appreciate against the dollar from upwards of N500 to a dollar to…
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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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FG to launch economic recovery plan in February – Osinbajo
Vice President Professor Yemi Osinbajo says the Federal Government cannot afford to float the Naira at the moment. Speaking at the World Economic Forum in Davos, Switzerland on Wednesday, Osinbajo…
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Why CBN must close naira, dollar exchange rates’ gap – Osinbajo
Vice President Yemi Osinbajo has said the Central Bank of Nigeria need to close the gaps between the official and black market exchange rate of dollar to naira. Osinbajo was…
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Pastor Adeboye predicts an end to Nigeria’s economic recession in 2017
by Azeez Adeniyi Pastor Enoch Adeboye, the general overseer of the Redeemed Christian Church of God (RCCG) has predicted an upturn in Nigeria's fortunes in the new year. The respected…
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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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Naira ranked among four worst currencies in 2016
The Bloomberg LP has ranked Nigeria's Naira as one of the world’s four worst performing currencies in 2016. According to the ranking, the Naira lost 36.68 per cent of its…
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YNaija Analysis: Like Jonathan, Buhari has become a very dangerous president
In the months prior to the 2015 general elections, the wind of ‘change’ swept through Nigeria. Almost everyone was excited at the prospect of Gen. Muhammadu Buhari (as he then…
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The Thread: The naira continues to fall and Nigerians can’t stop wailing
It's mostly doom and gloom in Nigeria today. The naira has taken a further hit at the parallel market, and is currently trading at 445 to the dollar; the effect…
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Manasseh Egedegbe: A word about Bitcoin
I don’t know anyone I could stay with in London. It is an expensive city, and no one goes about staying in houses with extra rooms. It will even be…
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Opinion: Mr. President, you must be the change we see in our country
by Banjo Damilola A friend wrote as his Personal Message on Blackberry Messenger; “If change begins with me, I would have voted myself.” I dare say nothing is personal about that…
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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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#30Days30Voices: ‘The prices of things are increasing whereby the salary is not’ | Man speaks on the present state of the Nigerian economy (WATCH)
The Minister of finance Kemi Adeosun recently said Nigeria is facing one of its worst times economic wise. With the crash in oil prices and the Naira losing its value…
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Naira has fallen: The lambs remain silent
by Manasseh Egedegbe I was in the UK a few weeks ago. I bought bottled water from a store and I got a couple of coins as change. One of…
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6 key observation from NBS data on the economy
by Joachim MacEbong The Nigerian Bureau of Statistic on Wednesday released a slew of new data on the economy covering GDP, inflation and unemployment figures. Here are the top 6 observations.…
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The Nigerian Naira is the third worst performing currency globally – PDP
The Peoples Democratic Party, PDP has said that the nation's currency, the naira is the third worst perfoming currency globally this year. In a series of tweets on its official…
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‘PDP caused this hardship we are all going through’ – Oshiomhole
Edo state governor, Adams Oshiomhole, on Tuesday, blamed the Peoples Democratic Party (PDP) for the current economic difficulties of Nigeria. Speaking at the campaign rally for Godwin Obaseki, governorship candidate of the…
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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 because Nigeria doesn't export anything except oil. Speaking at a career…
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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 amount recovered on behalf of companies and residents of the…
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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 where access is really limited and customers of banks are…
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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 NYSC post. This is one of the most exciting times…
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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 foreign exchange policy, the Punch reports. Before the the introduction…
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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 in foreign currencies with immediate effect. The NCAA had apparently…
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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 by Senate President Bukola Saraki that there is a government…
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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 recently introduced flexible foreign exchange policy. The Central Bank of…
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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 of last year, which has forced authorities to scale back…
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YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy
YMonitor
- Beyond the Power Struggle: Why a Strong Opposition Party is Crucial for Nigeria’s Democracy
- The Importance of Impartial Reporting in Nigeria’s Democracy
- Understanding the Role of Election Tribunals in Nigeria’s Electoral Process
- The Importance of Active Citizenship Beyond the Voting Booth
- How Ethnic Baiting is Undermining Nigeria’s National Security and Democracy