TAG: NAIRA DEVALUATION

BDCs want further ‘revaluation’ of the Naira as their profits are now down

BDCs want further ‘revaluation’ of the Naira as their profits are now down

National interest or personal...


[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies

[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies

A daily compilation of business and economic news from...


CBN’s list of 36 imported items valid for forex explained

CBN’s list of 36 imported items valid for forex explained

More clarification at...


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

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...


The Nigerian Economy Today 4/5/2017

The Nigerian Economy Today 4/5/2017

Summary of the top business, economic and political news in Nigeria.   NAIRAMETRICS BUSINESS...


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

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...



CBN Increases Borrowing Cap To 125% of Shareholders’ Funds

CBN Increases Borrowing Cap To 125% of Shareholders’ Funds

This should make the banks...


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

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...


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

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...


Our Experience Buying Forex At N360/$1

Our Experience Buying Forex At N360/$1

Nairametrics| The Central Bank of Nigeria (CBN) has instructed that commercial banks sell the dollar...


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

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...


Why Black Market Is Not Going Away Even If We Float

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...


Analysis: Stimulating Nigeria’s Economy Through Real Estate

Analysis: Stimulating Nigeria’s Economy Through Real Estate

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


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

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

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...


CBN To Increase List Of Banned Items

CBN To Increase List Of Banned Items

Nairametrics|Despite criticism from various quarters, the Central Bank of Nigeria will continue with its...


These Businesses Have Benefitted From Forex Crisis And Their Results Confirms It

These Businesses Have Benefitted From Forex Crisis And Their Results Confirms It

They even surpassed their own...


Recession Forces Dangote To Sack Expats

Recession Forces Dangote To Sack Expats

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


The Reason Why EU Is Demanding Further Devaluation Of The Naira

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

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...


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

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

Gege analyses how the President and its principles are shaped by his ideals, and...


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

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...


Nigeria’s Trade Deficit Perks Up On Devaluation

Nigeria’s Trade Deficit Perks Up On Devaluation

Nigeria’s trade deficit has improved significantly as the devaluation of the currency made exporters...


DANGCEM Gives Trading Update, Explains N600 Per Bag Cement Hike

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

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...


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

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....


The New Flexible Exchange Rate Policy Details Explained

The New Flexible Exchange Rate Policy Details Explained

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


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

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...


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

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...


I Will Not Devalue The Naira, Buhari Insists

I Will Not Devalue The Naira, Buhari Insists

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