Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says the recovery of the naira has little or nothing to do with the country’s foreign reserves decline. Cardoso spoke
Tag "naira"
The naira, on Wednesday, appreciated to N1,050 at the parallel section of the foreign exchange (FX) market. The current FX rate at the street market signifies an increase of 4.55
Nigeria’s foreign reserves fell to $32.29 billion on April 15 — the lowest level in over six years. According to the latest data from the Central Bank of Nigeria (CBN),
Reno Omokri, former presidential aide, has commended the monetary policies of the President Bola Tinubu administration. Omokri, in a post on X, described the federal government’s monetary policies as an
The Nigerian Upstream Regulatory Commission (NUPRC) has issued new rules requiring oil producers to sell crude to domestic refineries before
The naira rose further on Monday in the parallel section of the foreign exchange (FX) market. At the Lagos street
The national dailies report Goldman Sachs’ prediction on the naira, and the trial of Godwin Emefiele, former governor of the
Goldman Sachs Group Inc. says the naira, Nigeria’s currency, could extend gains to trade below N1,000 to the dollar. On
The presidency says President Bola Tinubu’s multi-faceted approach to eliminating foreign exchange (FX) racketeering is strengthening the naira against global
On March 21, 2024, I made a post on X (formerly Twitter), saying it was a good time to give
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