• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

On Record: Kemi Adeosun Says “Black Market Will Collapse Soon” 

Ugodre Obi-chukwu by Ugodre Obi-chukwu
January 17, 2017
in Business News
On Record: Kemi Adeosun Says “Black Market Will Collapse Soon” 
Share on FacebookShare on TwitterShare on Linkedin

The Minister of Finance,  Kemi Adeosun has said that the black market, where most Nigerians buy and sell forex, will collapse soon.

Here is Mrs Adeosun on record:

Kemi Adeosun
On effect of the Treasury Single Account ,TSA, Minister of Finance argued that though the effect in the short term was bad, “but in the long run, it is going to benefit the economy,” noting that it was also an opportunity for the commercial banks to do the real business of banking.

RelatedStories

Naira

Naira muted in black market, U.S. jobs data takes spotlight

January 10, 2025
Fuel scarcity: Black marketers cashing out big in Abuja

NMDPRA to suspend license of marketers, petrol stations selling to illegal peddlers  

August 17, 2024

She informed the lawmakers that

“the black market would soon collapse because it is not driven by any fundamentals and is a very misleading market. The craze for dollars is not driven by any rational consideration and it will soon collapse…..  the nation’s currency is valued at between N305 and N315 but the unnecessary demand for dollar was pushing people to buy it at higher rates.

She said continues

“We are dealing with a shortage of dollars but the Central Bank of Nigeria, CBN, has put in place measures to stimulate more supply of dollars.”

Judge for yourselves.

Tags: Black MarketKemi Adeosun
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

Related Posts

Naira
Currencies

Naira muted in black market, U.S. jobs data takes spotlight

January 10, 2025
Fuel scarcity: Black marketers cashing out big in Abuja
Energy

NMDPRA to suspend license of marketers, petrol stations selling to illegal peddlers  

August 17, 2024
Currency volatility: Intra-day high records N1755/$1 on sustained demand pressure  
Breaking News

Naira appreciates by 7.62% to N2100 against Great British Pound at the black market  

February 26, 2024
Naira, Dollar, FX
Currencies

Exchange rate appreciates to N815.32/$1 at the official market 

October 31, 2023
Yemi Cardoso
Currencies

Black market welcomes Cardoso with N960/$1, P2P now N970/$1

September 19, 2023
Godwin Emefiele, DSS, CBN
Currencies

Naira crashes to N775/$ days after CBN announced new naira notes

October 28, 2022
Next Post
This State Governor Has Exempted Lower Income Earners From Paying Taxes

This State Governor Has Exempted Lower Income Earners From Paying Taxes

Comments 1

  1. anodebenze says:
    January 17, 2017 at 3:34 pm

    We believe it,when we see it,PROVIDES US THE DETAILS,THEN WE JUDGE IT FOR OURSELVES,the sine quo non does not exist now and in future,for how long Nigeria have operated a multiply exchange rate,is 20 yrs or 30 yrs?
    every 100 yrs our world go through a transition or revolution,it’s the responsibility of any govt to control all the element or factors for revolution,is it a new world or a new Nigeria ?,every revolution is bloodied thirsty,because it’s the overthrow of an existing structure of power.
    L2 etat,c”est moi, “I am the state” so said by the king of france Louis xiv, the nation raved by war foreign war,e.t.c. the people complain they did nothing,this age of terror in france,it was creeping in france,which lead to the france revolution.so also in Russia.
    We are part and parcel of Nigeria,major native Nigeria bank are controlled by foreigner.and you think you can control the black market with your present economic plan,why not integrate it.into your financial market and regulation WHO USES THE BLACK MARKET ARE NIGERIANS,WHO CANNOT ACCESS FOREX THROUGH THE CBN AND OUR BANK.
    Once you addresses this issues,i will take you serious.MAN IS BORN FREE BUT EVERY WHERE MAN IS IN CHAIN so said the swiss born but French philosopher jean-jecques rosseau,every where Nigerians are in chain,call it the cbn,the ministry of finance,foreigners,foreign owned media telling us how we live our lives.look at the stats projected for Nigeria by the imf and world bank in gnp.
    why not govt prove then wrong with a progressive attitude and an ambitious programme that will make Nigeria realizes it’s full potential as a nation, with it’s power.LET THE PEOPLE BE FREE EDUCATIONALLY,FINANCIALLY.EMOTIONALLY AND SPIRITUALLY.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng

first bank
Zenth Bank








DUNS

Recent News

  • Seplat Energy trains 50 editors, correspondents on media entrepreneurship in Lagos 
  • World Bank approves extra $65 million loan for Nigeria’s SPESSE project 
  • Nigerian Oil falls below $70 a barrel amid faded supply disruption  

Follow us on social media:

Recent News

Seplat Energy trains 50 editors, correspondents on media entrepreneurship in Lagos 

Seplat Energy trains 50 editors, correspondents on media entrepreneurship in Lagos 

July 1, 2025
World Bank, Tanzania

World Bank approves extra $65 million loan for Nigeria’s SPESSE project 

July 1, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics