The devaluation of the naira has put the real value of Nigeria’s debt stock at around N18.9 trillion, when considered at the official rate of...
With Nigeria’s economy gradually taking a downward hill following the devaluation of its local currency, South Africa has overtaken Nigeria as Africa’s biggest economy in dollar...
International rating agency, Fitch has said that devaluation of the naira will lead to the rise of loan impairments. In its monthly review, Fitch said Impairments...
By Odunewu Segun Duties on imported cargoes in the country have risen by about 43 per cent since the Central Bank of Nigeria floated the naira,...
The devaluation of the naira that has now pegged the exchange rate of the naira between N282-284/$ from the previous N199/$ is likely to lead to...
Foreign investors still skeptical about process By ODUNEWU SEGUN NIGERIAN banks are sufficiently well capitalised to absorb the impact of the 40% effective devaluation of the...
By Odunewu Segun Financial experts have said the floating of the naira is likely to push inflation north of 20 percent in the second half of...
The Central Bank of Nigeria (CBN) is expected to announce details of the much anticipated ‘flexible’ foreign exchange rate policy today, 15th of June, 2016. National...
Faced with an economy nearing recession and inflation at the highest in almost six years, Nigerian President Muhammadu Buhari has backed down on his refusal...
THE naira weakened further at the weekend, trading at 360 to the United States dollar at the parallel market, amid a rise in demand for dollars...
