TAG: NAIRA DEVALUATION





Update: CBN did not reverse ban on 41 items (mix-up explained)

Nairametrics| The Central Bank of Nigeria has issued a press release clarifying interpretations  that it had reversed the ban...


The Nigerian Economy Today 4/5/2017

Summary of the top business, economic and political news in Nigeria.   NAIRAMETRICS BUSINESS & ECONOMY Nigeria’s total debt...


Official: CBN Excludes Raw Materials For Plastic And Rubber Production From 41 Ban List

Nairametrics|The Central Bank of Nigeria (CBN) in a circular released today instructed all authorised dealers of forex to add...



Does This Chart Support IMF’s Claim That Naira Is Overvalued?

Nairametrics| Since the Central Bank of Nigeria rolled out its revised forex policy on February 21st 2017, the initial...


Will CBN’s Latest Move Against The Black Market Work?

Nairametrics| The Central Bank of Nigeria issued a press release on Monday confirming that on Friday 7th April 2017 it...


Our Experience Buying Forex At N360/$1

Nairametrics| The Central Bank of Nigeria (CBN) has instructed that commercial banks sell the dollar to customers at no more...


Weekly Roundup of Business & Economic News From Nigeria (March 25, 2017)

Welcome to Nairametrics Economic and Business Review, our weekly summary of some of the most important Nigerian economic and...


Why Black Market Is Not Going Away Even If We Float

Nairametrics| As at Friday, the 17th of March 2017, the exchange rate at the black market was about N455/$1 compared to...


Analysis: Stimulating Nigeria’s Economy Through Real Estate

With two months into 2017 and economic indices yet to take the desired turn, the reality of another year...


Now That Dollar Is Above N500/$1, Here Are 5 Things You Can Still Do by @Ugodre

There comes a time when you just have to do what is required for the...


The Week Ahead: As Things Get Tighter, We Need To Be More Creative

The pot is shrinking big time The three tiers of government received a total of ₦4.95 trillion instead of...


CBN To Increase List Of Banned Items

Nairametrics|Despite criticism from various quarters, the Central Bank of Nigeria will continue with its present foreign exchange policy. The...



Recession Forces Dangote To Sack Expats

Dangote Group, one of Nigeria’s largest private firms has begun the steady cutback of employees as it has been...


The Reason Why EU Is Demanding Further Devaluation Of The Naira

The EU believes that the Naira must be fully devalued for the following...


Naira’s Woes At Forex Market Continues As It Slumps to N428/$1

The Naira continued its slump in the forex market as it depreciated against the three major currencies in all...


How Did ‘We’ Get It ‘Wrong’ with Buhari?

Gege analyses how the President and its principles are shaped by his ideals, and compares how he fares with...


Flour Mills Explains 6 Reasons Why Its Products’ Prices Have Gone Up

Flour Mills of Nigeria explains 6 reasons why we have to pay higher prices for its products in the...


Nigeria’s Trade Deficit Perks Up On Devaluation

Nigeria’s trade deficit has improved significantly as the devaluation of the currency made exporters get more Naira for goods...


DANGCEM Gives Trading Update, Explains N600 Per Bag Cement Hike

The real reason behind the hike is made known by the...


3 Theories Explain Why The Parallel Market Is Still Very Relevant

On Wednesday, we spoke to our Aboki, Buzu to get an understanding of what the street thinks about the...


Beware of These 4 ‘Demons’ Of The New Flexible Exchange Rate Policy

If you’re not a Nigerian, please stop reading and close this page. Thank you. Ehen, now it’s just us...


The New Flexible Exchange Rate Policy Details Explained

Today, the CBN jumped the shark and went for a float. This article explains what this all...


This Is Femi Pedro’s “Solution To The Nigerian Currency Quagmire”

Two days ago, a former Deputy Governor of Lagos State, Otunba Femi Pedro lent his voice (or more like...


Further Proof That Prices Of Everything From Pure Water To Mary Kay Have More Than Doubled

Nigeria’s embattled Central Bank Governor Godwin Emefiele wants you to believe that holding the naira artificially at N197/$ and...


I Will Not Devalue The Naira, Buhari Insists

President Muhammadu Buhari has quashed any suggestion that the naira – officially between N197-N199 while almost N400 in the...