An analysis of Nigeria’s government earnings has revealed a significant revenue windfall of N713.1 billion resulting from the devaluation of the national currency, the naira. The...
Navigating the Aftermath of Subsidy Removal: Kwara State Governor Sheds Light on Tough Decisions
KPMG Nigeria has projected that the foreign exchange (FX) rate in the country will range between N650/$ to N750/$ following the recent floatation of the currency.
The Nigerian naira is under intense scrutiny as financial analysts delve into the likelihood and potential impact of an imminent devaluation.
The Central Bank of Nigeria (CBN) has denied devaluing the Nigerian Naira from N464.67 per dollar to N631 reported by some online platforms.
Nigeria is expected to devalue its local currency, the naira, by approximately 15% following the inauguration of President-elect Bola Tinubu on May 29. This decision comes...
In 1987, you will need N4 to buy $1. In 1989, it was N7.39 kobo to $1. By the time General Ibrahim Babangida left power in...
Following Vice President Yemi Osinbajo suggestions that the Central Bank of Nigeria (CBN) should rethink its present forex policy that encourages arbitrage and corruption and allow...
Vice-President Yemi Osinbajo has described the country’s exchange rate as “artificially low” and tasked the Central Bank of Nigeria to devalue the naira to reflect the...
The depreciation in the value of the Naira has been attributed to the effects of the COVID-19 pandemic on the economy. The deputy governor, Corporate Services...