Tag: exchange rate
Cardoso blames foreign education, healthcare for naira’s slide
Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has blamed the depreciation of the naira on the growing numbers of Nigerians...
DEVALUATION: WHEN YOU DECREASE THE VALUE OF TRUST.
The Nigerian Naira currently exchanges at N760/$ in the open market and about N460/$ in the official market. This means that for every imported...
Foreign exchange: several African countries have a shortage of US dollars – why this happens and how to fix it
By Christopher Adam, University of OxfordA number of African countries, including Kenya, Egypt, Zimbabwe, Nigeria, Ghana and Zambia, are currently experiencing shortages of US...
BDC’s damage to Nigeria’s economy colossal – Finance expert
International finance expert and CEO, FB Services Group, Canada Dr. Akin Oladeji John Brown has decried what he described as colossal damage to Nigeria’s...
How Much Dollar Will Your Naira Exchange For?, By Alex Otti
"One hundred thousand naira is now behaving like ten thousand naira; and no one is saying anything about it!” -Anonymous Social Media BloggerExchange rate...
CBN begins gradual harmonisation of exchange rates
By Collins NwezeThe Central Bank of Nigeria (CBN) yesterday began gradual harmonisation of exchange rates with the removal of N379/$1 official rate from its...