Naira devaluation

Nigeria Not Getting Value for Crude Oil Sales—Kwara Gov

February 8, 2024

By Modupe Gbadeyanka The Governor of Kwara State, Mr AbdulRahman AbdulRazaq, has appealed to Nigerians to be patient with the government, saying efforts are

Economy

CBN Devalues Naira Amid FX Supply Woes?

January 30, 2024

Adedapo Adesanya

By Adedapo Adesanya There has purportedly been a fresh round devaluation of the Naira by the Central Bank of Nigeria (CBN) – a second

Banking

S&P Highlights Key Risks For Nigerian Banks in 2024

January 22, 2024

Dipo Olowookere

By Dipo Olowookere One of the major global credit rating organisations, S&P Global Ratings, has said despite the tough operating environment and policies, Nigerian

Economy

Naira Now N463.75/$1 at Official Market After Slight Devaluation

April 6, 2023

Adedapo Adesanya

By Adedapo Adesanya The Naira closed at N463.75/$1 in the Investors and Exporters (I&E) window of the foreign exchange window on Wednesday, April 5,

Economy

Senate Summons Emefiele Over Crashing of Naira to Over N700/$1

July 27, 2022

Dipo Olowookere

By Dipo Olowookere The Senate has asked the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, to urgently take steps to

Economy

I&E FX Window: Naira Closes Flat at N435/$1 After Devaluation

January 1, 2022

Adedapo Adesanya

By Adedapo Adesanya A day after the Central Bank of Nigeria (CBN) quietly devalued the Nigerian Naira at the Investors and Exporters (I&E) segment

Economy

Reps Want Policy to Tackle Incessant Naira Devaluation

June 10, 2021

Dipo Olowookere

By Dipo Olowookere The Central Bank of Nigeria (CBN) has been asked to design a policy aimed to tackle the incessant Naira devaluation at

Economy

Nigerian Breweries Identifies FX Scarcity, Inflation, Others as Key Challenges

November 24, 2020

Dipo Olowookere

By Dipo Olowookere The management of Nigerian Breweries has said it was making concerted efforts to scale through the harsh operating environment, though it

Economy

COVID-19 Could Trigger Naira Devaluation—Buhari’s Economic Squad

March 19, 2020

Dipo Olowookere

By Dipo Olowookere The Presidential Economic Advisory Council (PEAC) set up recently by President Muhammadu Buhari has warned him that if tough economic decisions

Economy

Naira Devaluation Will Worsen Inflation, Kill Nigerians—CBN

June 24, 2017

Dipo Olowookere

By Dipo Olowookere The devaluation of the Naira will further increase inflation in the country, the Central Bank of Nigeria (CBN) has warned. Spokesman

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