Relationship between inflation and the unending devaluation of the Naira
Backstory Across every stakeholder spectrum in the Nigerian economy (i.e. investors, consumers, policymakers or economic observers), one persistent recurring topic ...
Tag: Naira Devaluation
News and stories about Naira Devaluation
Naira on trial: Is devaluation the way out?
The topic of devaluation is one that never quite goes away in Nigeria as the nation’s currency is frequently locked ...
CBN removes N379/$1 exchange rate from website
Anyone conducting business involving forex in Nigeria will have to quote the prevailing NAFEX exchange rate as the official exchange ...
Exchange rate falls across the forex markets as CBN devalues the naira
Naira depreciated against the dollar at the Investors and Exporters (I&E) window.
Implications of CBN’s latest devaluation and FX unification
This move portends significant implications for Nigeria's public and private sector.
What I’ll do if I was CBN Governor – Experts
“As a nation, we cannot afford to continue relying on the world for our food, education, and healthcare.” said Godwin Emefiele.
Naira depreciates at 5 years forwards market, now N570 to $1
Nigeria’s 5 years onshore Non-Deliverable forward contract posted its biggest drop by plunging 27% from N413.36 to close at N569.69.
COMMENTARY: Moody’s changes outlook on Nigerian banking sector to negative
The outbreak of COVID-19 and the sharp downturn in crude oil prices have continued to stoke fears of a further ...
Naira drops to N460/$1 in parallel market, puts pressure on official exchange rate
The consistent slide of the naira in the parallel market is a pointer to the fact that CBN may further ...
Nigeria’s foreign debt has breached a 15-year trigger
Nigeria’s external debt hits a 16 year high of $27 billion in December 2019 just higher than the $20.8 billion ...
