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Tag "exchange rate"

Emefiele’s arrest and my feeling of déjà vu

    Emefiele’s arrest and my feeling of déjà vu

The suspension of the Central Bank of Nigeria (CBN) governor, Godwin Emefiele on Saturday, June 10, 2023, came as a relief to many Nigerians in the aftermath of his ill-fated

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APC campaign: Tinubu’s comment on exchange rate was not an attack on Buhari

    APC campaign: Tinubu’s comment on exchange rate was not an attack on Buhari

The All Progressives Congress (APC) presidential campaign council says Bola Tinubu, its presidential candidate, did not attack President Muhammadu Buhari when he spoke about the country’s exchange rate. Speaking at

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Exchange rate may surpass N1000/$, says Pat Utomi on 2023 budget

    Exchange rate may surpass N1000/$, says Pat Utomi on 2023 budget

Pat Utomi, professor of political economy, says the 2023 budget will lead to massive inflation and loss of jobs in the country. Utomi said this on Wednesday while speaking on

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Naira stable, exchanges for N740/$ at parallel market amid diaspora dollar inflow

    Naira stable, exchanges for N740/$ at parallel market amid diaspora dollar inflow

The naira, Nigeria’s currency, has maintained stability against the U.S dollar at the parallel market for the past week. Bureau De Change operators (BDCs) across forex markets in Lagos quoted

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‘Eliminate multiple FX regime, phase out fuel subsidy’ — inside Tinubu’s economic plan

  ‘Eliminate multiple FX regime, phase out fuel subsidy’ — inside Tinubu’s economic plan

Bola Ahmed Tinubu, presidential candidate of All Progressives Congress (APC), says his administration will optimise foreign exchange (FX) to strengthen

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Naira slides further, trades N560/$1 at parallel market after MPC meeting

  Naira slides further, trades N560/$1 at parallel market after MPC meeting

The Nigerian naira weakened further against the dollar at the parallel market on Wednesday to trade at N560 per dollar.

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The naira and its many enemies

  The naira and its many enemies

When you sow the wind, you reap the whirlwind. This always comes to mind anytime there is an outbreak of

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Zainab Ahmed: Finance ministry working with CBN to close exchange rates gap

  Zainab Ahmed: Finance ministry working with CBN to close exchange rates gap

Zainab Ahmed, minister of finance, budget and national planning, says the fiscal authority ministry is working with the Central Bank

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‘The exchange rate is artificially low’ — Osinbajo asks CBN to bow to market forces

  ‘The exchange rate is artificially low’ — Osinbajo asks CBN to bow to market forces

Vice-President Yemi Osinbajo has called on the Central Bank of Nigeria to allow the naira reflect the realities of the

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Rewane: Official exchange rate may depreciate to N420/$ in 2021

  Rewane: Official exchange rate may depreciate to N420/$ in 2021

Bismarck Rewane, managing director of Financial Derivatives Company, has projected that the naira will depreciate to N420 against the dollar

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