Naira

The gigantic oil refinery being built in Lagos by Africa’s richest man Aliko Dangote will save Nigeria from the shame of having to import refined petroleum products but it could also be a…

Information making extensive media round reports that Nigeria's vice president, Professor Yemi Osinbajo, had called for the devaluation of the naira. This comes when the value of the…

Mr.  I crave your indulgence to address you through this medium following your now accustomed brilliant presentation during the midterm review of the performance of President Mohammadu…

The push for a fully market determined foreign exchange rates regime in Nigeria will be meaningless without addressing many other issues that have brought the country’s economy to its knees,…

Rafiu Adebayo Ibrahim, a former chairman, Senate Committee on Banking, Insurance and other Financial Institutions in the 8th National Assembly, has stressed the need for government at all…

Naira, Nigeria's legally approved means of exchange on Wednesday recorded marginal appreciation at the official window, a day after the country issued $4 billion Eurobond. Liquidity in…

The most important determinant of the value of the Naira is whether or not the Nigerian economy is productive and competitive in international trade. That is to say, whether it has a…

The continuous fall in the value of the naira against the dollar has worsened the challenges faced by manufacturers in Nigeria as production activities and other related operations take the…

Naira, Nigeria's currency on Thursday fell to an all-time low of N540 per dollar at the unofficial market as demand pressure persists. This shows a depreciation of 0.93 percent when…

Naira, Nigeria’s legal tender on Wednesday fell to N535 per dollar at the unofficial market and 0.20 percent at the official market despite the recent accretion in external reserves.…