Tuesday, January 18, 2022
MARKET UPDATE

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Tag "naira devaluation"

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 of Nigeria (CBN) to close the gap between the official

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Devaluation is grossly overrated

    Devaluation is grossly overrated

On Monday, Vice-President Yemi Osinbajo might have made his boldest pitch yet for his expected presidential bid in 2023. Speaking at the administration’s midterm retreat — with President Muhammadu Buhari

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‘It’s a recipe for high poverty, unemployment’ — expert counters Osinbajo on moving naira exchange rate

    ‘It’s a recipe for high poverty, unemployment’ — expert counters Osinbajo on moving naira exchange rate

Uche Uwaleke, a professor and financial expert, says the devaluation of the naira will worsen poverty and unemployment in Nigeria. Uwaleke made the comment in reaction to Vice President Yemi

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‘Reduction in foreign portfolio inflows, low remittances’ — CBN explains naira devaluation

    ‘Reduction in foreign portfolio inflows, low remittances’ — CBN explains naira devaluation

The Central Bank of Nigeria (CBN) says the coronavirus pandemic affected stability in the exchange market. Edward Adamu, CBN deputy governor, corporate service, stated this at an interactive session organised

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Reps to CBN: Set up policy to tackle naira devaluation

  Reps to CBN: Set up policy to tackle naira devaluation

The house of representatives has asked the Central Bank of Nigeria (CBN) to “urgently” set up a policy to tackle

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Foreign investors worry over delay in naira devaluation

  Foreign investors worry over delay in naira devaluation

Foreign investors, dismayed by Nigeria’s decision to delay devaluation of the naira which they see as long overdue, have begun

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Naira devaluation ‘will increase unemployment’

Obida Wafure, a doctor of economics at the University of Abuja, believes that the recent devaluation of the naira by the

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Devaluation sends dollar to N186 in black market

The exchange rate for the dollar in Abuja “black market” on Wednesday stood between N182 and N186,the news Agency of

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ANALYSIS: Expect higher rates as MPC meets

  ANALYSIS: Expect higher rates as MPC meets

Whichever way it ends, the Monetary Policy Committee (MPC)’s meeting on Monday portends higher costs of living for Nigerians. The meeting

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