In other for the naira to sustain momentum against the United States dollar, financial experts and analysts have called for the use and purchase of made in Nigeria goods as against foreign made goods.
They also sought for an end to dollarising the economy, saying Nigeria spend about $40...
The naira, on Monday, continued its appreciation against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window, as it closes at N750.14/$1.
The rate represents a recovery of N41.61k from the N791.75 recorded last Friday.
According to Data from FMDQ Securities Exchange, a platform...
There was relief among manufacturers and importers as the naira gained N49.39 (5.24 per cent) Friday to close at N791.75/$ (down from N841.14 on Thursday) at the official market.
The gain, captured in the data from the Nigerian Autonomous Foreign Exchange (NAFEX) – the country’s official exchange rate window –...
Despite experiencing decline in the last two days and high inflation rate in October, the naira, on Wednesday, still gained against the U.S. dollar in the official market.
It could be recalled that the National Bureau of Statistics (NBS), had released inflation rate which stands at 27.33% in October, up...
The naira has continue to gain momentum against the United States currency, US dollar, after the Central Bank of Nigeria (CBN), intensified the clearance of backlog of foreign exchange forward.
An FX forward contract is a bilateral agreement where one party (the seller) agrees to sell FX to another party...
Strong indications emerged weekend on why the Central Bank of Nigeria (CBN) governor, Godwin Emefiele was suspended by President Bola Ahmed Tinubu.
In a shocking development, the Federal Government of Nigeria Friday suspended Emefiele and ordered his probe.
This newspaper reliably gathered that Emefiele's suspension is tied to a $1 billion...
By SKC Ogbonnia
The point of this matter is short and simple. Barring the desired change from the status quo, a mass revolution of global consequence is imminent in Nigeria. Commonsense dictates that the masses—home and abroad—are merely waiting for the outcome of the court cases challenging the sham election.
The...
In an impassioned key note speech, delivered before global leaders, at the 7th Tokyo International Conference on African Development (TICAD) in Yokohama, Japan, African investor and philanthropist Tony O. Elumelu CON, challenged the Government of Japan to invest 5% of its $50billion commitment to Africa, in empowering African...
