Naira makes huge recovery, trades at N1,142/dollar at official market
The Naira on Friday gained huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that…
Again, naira appreciates against dollar, here’s Tuesday’s black market rate
The naira has continued to appreciate against the dollar in both the official and black markets just moments before the MPC meeting which starts today. Political Economist NG reports that…
Cardoso magic: Naira keeps a steady rebound against the dollar
The Naira has continued its bullish run against the dollar in both the official and black market in what experts attributed to the improved and innovative forex policy of the…
Naira keeps appreciating against dollar in the black market: Investigation
After hitting an all-time zenith of over N1,900 to a dollar in the black market, the naira has maintained a bullish momentum against the dollar, appreciating by over N30 within…
Fellow Nigerians: A plea to the poor killing the poor, by Ken Ugbechie
Today, I write to appeal to Nigerians; to importers, distributors, dealers and retailers of goods and services. I appeal to your conscience to take it easy on your fellow Nigerians…
Naira crashes to N1,712 to a dollar as stocks fall to record lowest in one year
The naira fell to record lows on both the official and unofficial markets on Monday, while stocks posted their biggest one-day fall in more than a year, as jittery investors…
Dollar crisis and exchange rate volatility, by Arize Nwobu
Crisis time is the time for creative thinking and solution evolution. There is a dollar crisis which has severely impacted the value of the Naira. But some economy watchers believe…
CBN and the exchange rate challenge, by Arize Nwobu
The importance of exchange rate as a major macro-economic variable cannot be overemphasized. Exchange rate is the price of one currency in terms of another, and which helps to determine…
Naira loses steam, exchanges N770.38 to a dollar, drops 16.19%
The Naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging N770.38 to the dollar. The local currency showed a 16.19 per cent decrease when compared…
Naira collapse: Obi deserves praise for raising the alarm; CBN to monitor politicians
Aftermath of the falling value of the naira, and the possible concerns recently expressed by the Labour Party Presidential Candidate, Mr Peter Obi, on the continued spending of foreign currency…