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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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Opinion: What investors should do in this period of high volatility, falling naira and no forex
The National Bureau of Statistics recently released the inflation data for January 2016, and contrary to expectations from analysts, it stayed flat at 9.6%. The 9.6% recorded is well above…
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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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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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Opinion: After 9 months of @MBuhari, can Nigeria survive till 2019?
Nigeria's economy is fast slipping into a state of comatose; urgent measures must be taken to salvage the situation else I don’t think we can survive till 2019 at this…
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Naira falls further, Nigerians react (READ)
The free falling that has characterised the naira- in recent time- continued at the parallel market on Thursday, February 18, with the Nigerian currency nosediving to 391 against the dollar…
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Northern governors to Shehu Sani: ‘You’re ignorant of the loan issue’
The Northern Governors have labeled the reaction of the Vice Chairman, Senate committee on Foreign and Domestic Debts, Senator Shehu Sani to the plan by the governors to get loans from Islamic…
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‘Things may get worse’ | Naira crashes to record low of 345/dollar
The continuous fall of the Nigerian currency- naira- reached a record low of 345 against the dollar at the parallel market on Monday. Following the Bankers’ Committee's announcement last week…
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Opinion: Reviving the dying economy of Nigeria, the snoring giant
On January 28th, 2016 Channels Television aired a community programme where a man in Benin, Edo State with little education and has never left the shores of Nigeria was able…
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Bread, money and death (FICTION)
A young boy threading through a dying forest on a wheel barrow in Zimbabwe, trying to understand why it weighs so much to get so little. What I mean is…
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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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Waziri Adio: To devalue, or not to devalue the naira? – An explainer
The debate about the appropriate value of the Naira featured prominently in the public domain last week. This prominence was driven by three developments: the refusal of the Monetary Policy…
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Further devaluation will kill the naira – Buhari
President Muhammadu Buhari has again, made it known that he would not devalue the naira. Buhari said on Thursday, that any move to devalue the naira would definitely kill the…
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The naira will not be devalued by CBN – Emefiele
The Monetary Policy Committee (MPC) on Tuesday, voted against the devaluation of the Nigerian currency- naira. The decision puts to bed the speculations regarding the steps the Central Bank of…
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Naira nosedives to lowest figure in 43 years, sells at N305 per dollar
At the close of trading on Wednesday, January 13, the Nigerian foreign exchange and stock market had sunk to a new low. The Nigerian currency- the Naira- crashed to it's…
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‘This president does give a damn’ | 25 quotes to note from Tunde Bakare’s State of the Nation address
Pastor Tunde Bakare, Pastor and flock leader of the Latter Rain Assembly based in Lagos, on Sunday, January 10 delivered his annual State of the Nation broadcast at his church…
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Bittersweet year-end: Naira plunges to record low, Excess Crude Account rises to $2.257bn
After selling for N269 against the United States dollar on Wednesday, the Nigerian currency- naira -crashed further on Thursday, to N280 at the parallel market. The recent decline of the naira is as…
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Is Nigeria truly broke? See how much the country made and spent in the past few months
According to the Medium Term Expenditure Framework and Fiscal Strategy Paper (2016-2018) sent by the president to the National Assembly, the Federal Government has spent N3.42tn out of the total N4.493tn spending…
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‘Buhari can’t possibly make naira equal to dollar’
A former Chairman of the Labour Party, Dan Nwanyanwu, says that President Muhammadu Buhari, will not make the Nigerian currency equal to the American currency. Nwanyanwu, also doubted the possibility of…
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Simon Kolawole: Cleaning up our mess is no child’s play
by Simon Kolawole After decades of paying lip service to economic diversification, we are finally paying the price. We never really believed we could get into this mess — despite…
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Henry Boyo: Mr. President, removing fuel subsidy will make Nigerians suffer
by Henry Boyo Instructively however, Nigerians may change from this same melody if a N50/litre rise in petrol price pushes the rate of inflation, beyond 10% within six months or…
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It’s going to be a very difficult year for Nigerians – Okonjo-Iweala tells CNN
by Kolapo Olapoju Minister of Finance, Ngozi Okonjo-Iweala, told Cable Network News (CNN), on Wednesday, March 18, that the rest of the year is going to be difficult for Nigeria.…
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Opinion: Nigeria’s economy is finally in recession
by Bolaji Samson Aregbeshola Every Nigerian now has to bear the brunt of a mismanaged economy courtesy of the Jonathan administration. If only we knew we would not be better off…
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Opinion: My dear GEJ, of what use are the heavy books in your presidential goody bag?
by Adekoya Boladale As if there isn't enough salt on my injury, when the waiters started distribution of the heavy goody bag, to my utmost dismay the contents were books, pamphlets…
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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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Interbank trading briefly suspended as Naira crashes to 206 against dollar
by Kolapo Olapoju Earlier today, trading was briefly suspended for the second day in a row at the Interbank market. The market hit its limit of N204.10, as naira nosedived…
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BREAKING: Interbank market shut as naira hits N205
by Jewel Stephen Trading on the interbank market was temporarily suspended on Wednesday as the Naira continued it's downward trend against the dollar. The Naira is reported to have dropped…
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“Tables turned for Emir of Kano, Naira goes digging for gold” – See our Winners and Losers of the week
by Kolapo Olapoju Winners & Losers is a roundup of the week’s major happenings, where we spotlight the ‘winners’ and ‘losers’ of the news cycle. As always, you can agree…
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“Our reserve is depleted” – 10 quotes from OBJ on President Jonathan, the economy and 2015 election
by Kolapo Olapoju Of recent, former president, Olusegun Obasanjo, has become increasingly vocal about the performance of President Goodluck Jonathan. On Monday, January 5, while hosting the South-West women leaders at his…
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Rudolf Okonkwo: Why I can’t wait for May 29, 2019
by Rudolf Okonkwo So you can see why I’m restricting myself to thinking ahead-to Wednesday, May 29, 2019. That is the day that a new president will be sworn in Nigeria.…
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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