Tag: Naira

Currency in Circulation hits all-time-high Fueling Inflationary Pressures - The amount of money circulating within the Nigerian economy has surged by 62.66% over the past year, reaching a staggering N4.053 trillion in ...

Fed Rate Cuts Could Offer Respite for Nigeria’s Naira and Economy - As global financial markets react to hints of a potential rate cut from the U.S. Federal Reserve, economic analysts ...

Naira Weakens at Official FX Market, Strengthens in Parallel Black Market - In a day of contrasting performances, the Naira fell by 1.48% in the official foreign exchange market on Wednesday, ...

Tuesday Trading Sees Naira Rising Against Dollar as FX Market Reopens -- In a positive turn of events on Tuesday, the Naira witnessed a noteworthy appreciation of 0.79 percent (equivalent to ...

Ayodeji Bakare’s “Cassava Solution” and a Rational Path Forward for Nigeria's Economy - In a recent viral video, Nigerian journalist Ayodeji Bakare was seen fervently advising President Bola Tinubu on the ...

Forex Shortage Threatens Petrol Importation in Nigeria - The much-anticipated benefits of the deregulation of Nigeria's downstream sector are yet to materialize. Oil marketers express growing concerns over their inability to ...

Forex Crisis Deepens: CBN Yet to Clear $10bn Debt, Naira Nears 1,000/$ - Despite promises made by the Central Bank of Nigeria (CBN) to clear over $10 billion in forex debts, ...

Nigerian Naira Struggles Amidst Weak Central Bank Reforms - In a year marked by significant financial upheavals, the Nigerian Naira stands out as one of the world's worst-performing currencies, with a ...

Naira's Record Plunge: CBN Postpones Rate Decision Amidst Policy Vacuum - Nigeria's currency, the naira, has hit an alarming low, depreciating to a record 1,050 per dollar on the parallel market. ...

CPPE Urges Nigeria to Rethink Complete Naira Floatation - The Centre for Promotion of Private Enterprise (CPPE) has made a compelling case against the complete floatation of Nigeria's currency, the naira. ...