Naira depreciates to N742/$1 on the black market
The depreciation of the naira has been attributed to increased demand for the dollar amidst continuous shortages
Tag: Exchange Rate
Revisiting World Bank prescriptions to Nigeria on fuel subsidy, single exchange rate
Because of politics, private vested interest, and insincerity of purpose, the past and present FG always dances around the issue
Nigeria’s current account balance rises to 9-year high of $7.7 billion in H1 2022
Nigeria has reversed 6 consecutive quarters of current account deficits
Naira falls big to N740/$1 on black market
The exchange rate has maintained a downward trend, following the move by the apex bank to raise the interest rate ...
Why CBN’s 15.5% interest rate hike will not save the Naira
The CBN needs to change course if it wants to save the Naira.
All eyes on MPC as Naira crashes to record low
Naira crashed to another record low on the black market, trading at an average of N722/$1 on Tuesday morning, from ...
BDCs blame lack of anchor price, disorganized market for naira to dollar exchange rate crash
It was the first day of the week and Abu was on the 3rd mainland when a customer called him ...
Exchange rate depreciates to N604/$ at parallel market
The Nigerian Naira fell to N604/$ at the parallel from N565 at the start of the year.
Emefiele: Why we do not want to float the exchange rate
The CBN Governor has explained why the apex bank cannot freely float the exchange rate despite pressure from the World ...
A simple and factual explanation of Nigeria’s exchange rate dynamics
US Dollar in Nigeria is determined by the quantity of Dollars that flow into the country as well as the ...
