The Central Bank of Nigeria (CBN) on Monday explained how the COVID-19 pandemic contributed to the recent devaluation of Naira against the United States Dollar. The...
A senior economist at Tellimer Research, Patrick Curran, has described the Central Bank of Nigeria’s decision to adopt the NAFEX exchange rate as “meaningless.” In a...
The Naira is currently at the mercy of two economic catastrophes: the ceaseless plunge in oil prices triggered by the untameable COVID-19, and the nation’s shrinking...
The much awaited new forex regime commenced on Monday as the Central Bank of Nigeria (CBN) sold a total of $616.5 million at N280.00 per dollar...
If the United States (US) had its way, it would want the Naira officially devalued, especially against the dollar immediately. The country said on Monday it...
