Tag: Naira Devaluation

Backstory Across every stakeholder spectrum in the Nigerian economy (i.e. investors, consumers, policymakers or economic observers), one persistent recurring topic ...

The topic of devaluation is one that never quite goes away in Nigeria as the nation’s currency is frequently locked ...

Anyone conducting business involving forex in Nigeria will have to quote the prevailing NAFEX exchange rate as the official exchange ...

Naira depreciated against the dollar at the Investors and Exporters (I&E) window.

This move portends significant implications for Nigeria's public and private sector.

“As a nation, we cannot afford to continue relying on the world for our food, education, and healthcare.”  said Godwin Emefiele.

Nigeria’s 5 years onshore Non-Deliverable forward contract posted its biggest drop by plunging 27% from N413.36 to close at N569.69.

The outbreak of COVID-19 and the sharp downturn in crude oil prices have continued to stoke fears of a further ...

The consistent slide of the naira in the parallel market is a pointer to the fact that CBN may further ...

Nigeria’s external debt hits a 16 year high of $27 billion in December 2019 just higher than the $20.8 billion ...