Part of the problem with the Nigeria Economy are reps of the big four: KPMG, PWC, Deloittes, etc. They go on television analyzing rubbish about the Nigeria economy. They bandy mostly textbook economics on tv. But come 2027, there’ll still be no “price discovery” for the Naira. Nigeria defies everything you think you know! The
5 Critical Sectors Crying Under Tinubu’s Watch
Statistics don’t lie, they say as people would surely judge the outcome of each leader or government with statistics but not sentiments. Bola Tinubu,has been at the helm of the affairs as the “President” of Nigeria for 8 months and the statistical analysis of his policies are heartbreaking. 1. The INEC.2. The Naira.3. The Judiciary.4.
#HotAfternoonGossip : Justice Tsammani reportedly sick, Naira in Coma, others
Good afternoon and welcome to this afternoon hot 🔥 Gossip zone. Top of the Gossip this afternoon is about Justice Tsammani. Does that name ring a bell? Yes, he was the man that refused to look at the many evidences presented to him and his team at the Presidential Election Petition Tribunal, PEPT, threw them away citing
BREAKING : Naira suffers a great blow against the dollar
Amid the impact of the Central Bank of Nigeria’s foreign exchange reforms, the Naira depreciated against the dollar on Friday, exchanging at N803.90 at the investor’s and exporters’ window. According to NAN, the country’s currency decreased by 7.72 per cent compared to N746.28, which it exchanged for the dollar on Thursday. The open indicative rate
Nigeria officially floats naira as I&E rate hits N755/$
Nigeria has officially floated its naira currency after years of sticking with a hard peg that spooked investors and drained dollars from the economy. The development means buyers and sellers of foreign currency in the official FX market are now allowed to quote rates they find comfortable in the FX market, as against previous practice
Sell Crude Oil in Naira not dollars – Falana
Human rights lawyer, Femi Falana, SAN, has condemned what he described as the dollarisation of the Nigerian economy, adding that the country has no business selling crude oil in dollars. He said he has led a campaign against the dollarisation of the economy to the leadership of the Central Bank of Nigeria who have promised
Bureau De Change Operators Reject Dollars As Naira Rises
Bureau de change operators in Adamawa State are rejecting foreign currencies and notably, dollars from customers due to growing uncertainty in the parallel market as reflected in the unexpected comeback of the naira. Some of the money changers interviewed at Jimeta Modern Market in Yola said they were apprehensive over the sudden and continued crash
Naira currently in Coma as it crashes further against the dollar
History made as Naira crashes to 800 per dollar. The Naira is currently trading at 800 against the dollar according to some exchange platforms. Checks made by Peoples Gazette on Saturday revealed that the current parallel market rate is N800 to a dollar and N890 to British pound sterling. READ ALSO : Finance Minister,
CBN Raises Interest Rate on Naira Savings Deposits to 30% of MPR
The Central Bank of Nigeria (CBN) has announced an upward adjustment of the negotiable minimum interest rate payable on local currency savings deposits to 30 per cent of the Monetary Policy Rate (MPR). In September 2020, the central bank, as part of efforts to mitigate the impact of the COVID-19 pandemic, had slashed the minimum
Emefiele, Buhari, the double mistake
Nigerians once again berate the CBN governor, Godwin Emefiele for the current currency dwindling and economic crisis in the country. This would come after the Naira keeps experiencing a free fall. This CBN governor took over the apex banking job with Naira at N170 to $1 and today, it has risen to N675 to $1. Emefiele’s