Nigerian naira, on Friday, fell at the parallel market to N658 per dollar amid higher dollar demand. The figure represents a depreciation of N38 or 6.13 percent from the N620
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America’s decision to “float” the dollar was based on two broad considerations. The first was to protect its gold reserves which against the background of several countries recovering from the
Zainab Ahmed, minister of finance, budget and national planning, says the fiscal authority ministry is working with the Central Bank of Nigeria (CBN) to close the gap between the official
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
In the past few weeks, I have written extensively about the naira and Nigeria’s foreign exchange regime. As a result,
The ultimate question we need to ask ourselves is whether we believe we are worthy enough as a people and
The Central Bank of Nigeria (CBN) has rejected calls for the resignation of Godwin Emefiele, its governor, over issues relating
On April 23, 2013, the verified Twitter handle of Associated Press (AP), one of the biggest news agencies in the
If you are friends with people within my age bracket, you must have one or two friends travelling for a
The Central Bank of Nigeria (CBN) has warned that banks involved in any form of foreign exchange (FX) malpractice risk
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