The rate at which the Naira exchange rate keeps falling is mind boggling.The Nigerian currency yesterday depreciated against the three major currencies in all the segments of the Forex…
Naira devaluation 2016 .President Muhammadu Buhari is unhappy with the Central Bank of Nigeria, CBN, over what he called ”the ruthless devaluation of the Naira.” While speaking at…
Nigerian Naira vs US dollar LAGOS Aug 12 (Reuters) - Nigeria's central bank sold $80 million to bureaux de change (BDC) operators on Wednesday at 197 naira helping the local cur…
The Central Bank of Nigeria has warned that persons caught in the illegal act of using dollars for transactions risked a six-month jail term upon conviction. In a new statement issued b…
It's not a good time at this present moment for the Nigerian Naira.Yesterday, the Naira depreciated against the dollar as it traded at N208 from the N191.50 it sold for on Monday. The…
Dr. Obida Wafure of the Economics Department, University of Abuja, says the recent devaluation of naira by the Central Bank of Nigeria (CBN) will have positive and negative ripple effe…
