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Economic Crisis: The difference between Nigeria and Kenya!

Economic Crisis: The difference between Nigeria and Kenya!

In what appeared similar to the ENDSARS protest of 2020 in Nigeria, the Kenyan government led by William Ruto, was brought to its knees by youth protesting the finance bill that included tax rises aimed at paying off the country’s massive debt. Many protesters rejected the tax rises, saying that the extra money would still be wasted.

Naira depreciates to N1,572/$ in parallel market

Naira depreciates to N1,572/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,572 per dollar in the parallel market from N1,570 per dollar on Wednesday. Similarly, the Naira appreciated to N1,566.82 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,566.82 per dollar from N1,581.65 […]