Due to the weakening of the Naira value against the world’s major currencies, Nigerians should not build up liabilities in hard currencies as the tendency is that more Naira will be required to repay the debt in the long run.

Says parallel used for corruption purposes Retains MPR at 11.5% Gives N1trn to corporate orgasnisations over COVID-19 N149 b to targeted households, SMEs By Emma Ujah Those using parallel market rate to put pressure on the Central Bank of Nigeria (CBN) to devalue the Naira won’t have their way. The CBN Governor, Mr Godwin Emefiele […]

Despite the renewed pressures on the external sector, Naira has appreciated in the Investors & Exporters (I&E) window of the currency market.

By Marie-Therese Nanlong The federal government has been asked to take advantage of the global liquidity glut being experienced during the COVID-19 period to attract capital inflows to stabilize the nation’s currency, deepen domestic liquidity and ensure economic growth for the well-being of the citizens. An economist, Dr. Ayo Teriba gave the advice at a […]

The scarcity of dollars at the parallel market on Tuesday in Lagos forced the Naira down to N480 to a dollar. The News Agency of Nigeria (NAN) reports that the Pound Sterling and the Euro exchanged at N610 and N550, respectively. Trading at the investors’ window saw the naira closing at N385.98 to a dollar as investors traded a […]