By FELIX OLOYEDE Pressure has continued to intensity on Nigerian Naira despite a moderate uptick in crude oil prices this year as the currency depreciated in...
OBINNA EZUGWU The Bank of America has said Nigeria’s currency, the naira is overvalued by about 15 percent, and will likely depreciate to N430/$1 next year....
The naira has sustained its massive gains against the dollar at the parallel market, exchanging for N440/$ on Tuesday, the largest single-day gain since March 2020...
OBINNA EZUGWU Lagos based Pan-African rating agency, Agusto & Co, has disclosed that Nigeria has an estimated $7 billion of unmet dollar demand – with the...
The naira gained ground against the dollar to close at N465/$1 on Monday at the parallel market as speculators continue to sell off on account of...
OBINNA EZUGWU Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has barred operators of Payment Service Banks (PSBs) from accepting foreign exchange deposits The CBN...
By UCHE CHRIS For some personal reasons, I had refrained from delving into Nigeria’s most economic headache – the value of the naira. As a financial...
Adebayo Obajemu Nigeria’s exchange rate on Tuesday, August 18, during intraday trading at the NAFEX window fell marginally only to close at N385.98 . In a...
Global investment banking firm, Goldman Sachs Group, has predicted that a significant devaluation of the naira is expected within the next 12 to 18 months. The...
