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Understanding Why China, Saudi Arabia, etc Do Not Fully Float Currency
Question: “You did not support the floating of Naira. But the floating is designed to make Nigeria make things locally by closing the gap...
A Review of Forex Predictions After Months of Floating of the Naira
1. Nigeria floats its currency.
My response: “Nigeria’s floating of its currency, while progressive, will cause severe perturbations in the economy – and a stable...
As Official Rate (N1,482/$1) Exceeds Black Market Rate (N1,460/$1), Nigeria Should Declare A Currency...
History was made yesterday in Nigeria: “In a surprising turn of events on Tuesday, the foreign exchange market experienced an unusual occurrence as the...
Naira’s Fall to N1,482/$1 in NAFEM suggests A Move for Convergence by the CBN
In a surprising turn of events on Tuesday, the foreign exchange market experienced an unusual occurrence as the naira reached N1,482/$1 on the Nigerian...
As the naira hits N1,520/$1, Experts call for new approach
The Nigerian naira has continued on its downward spiral, depreciating further to N1,520.123 against the dollar in the parallel market on Wednesday, according to...