The naira, on Monday, depreciated to N1,610 against the dollar at the parallel section of the foreign exchange (FX) market. The FX rate signifies a 0.63 percent fall from the
Tag "naira"
Tony Elumelu, chairman of the United Bank for Africa (UBA), says he believes the naira will appreciate against the dollar, expressing
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the naira is undervalued largely due to distortions by
BY ZAYYAD MUHAMMAD The naira is floating without direction. The floating naira resembles a small wooden canoe in a mighty