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Tag "devaluation"

Laolu Akande: Osinbajo NOT calling for naira devaluation — but increase in forex supply

    Laolu Akande: Osinbajo NOT calling for naira devaluation — but increase in forex supply

Laolu Akande, spokesperson to Vice-President Yemi Osinbajo, says his principal did not call for the devaluation of the naira. On Monday, at the midterm review of President Muhammadu Buhari’s second

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Here’s what Osinbajo’s call for naira devaluation could mean for the future

    Here’s what Osinbajo’s call for naira devaluation could mean for the future

Nigeria is on auto-replay. Events of the past find a clever way of repeating themselves. Very few things that happen in this African giant are new. Conversations around the naira

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Sanusi: Naira devaluation will continue unless Nigeria’s imports reduce

    Sanusi: Naira devaluation will continue unless Nigeria’s imports reduce

Muhammed Sanusi, former governor of the Central Bank of Nigeria (CBN), says the devaluation of the naira will continue unless Nigeria’s appetite for imported items reduces. The CBN has had

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IT’S OFFICIAL: Naira to now trade at N380/$

    IT’S OFFICIAL: Naira to now trade at N380/$

The Central Bank of Nigeria (CBN) has directed that bureaux de change operators in the country must not sell dollars higher than N380 to end users. This is compared to

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EXCLUSIVE: CBN unifies FX rates as FAAC shares allocation at N360/$

  EXCLUSIVE: CBN unifies FX rates as FAAC shares allocation at N360/$

Allocations to the three tiers of government in naira will increase as the federation account allocation committee (FAAC) has adopted

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CBN new policy action is ‘first course in devaluation process’

  CBN new policy action is ‘first course in devaluation process’

Lukman Otunuga, a  research analyst at FXTM, says the new policy actions taken by the Central Bank of Nigeria (CBN),

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CBN ‘may devalue naira in six months’

  CBN ‘may devalue naira in six months’

Lukman Otunuga, a macroeconomics expert and research analyst at FXTM, says the Central Bank of Nigeria (CBN) may devalue the

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Rewane proposes devaluation of naira after GDP rebasing

Managing Director, Financial Derivatives Company Limited, Bismarck Rewane, said the recent rebasing of the country’s Gross Domestic Product (GDP) would

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