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Last week, an investment company, Goldman Sachs Group, said the Naira had already established itself as the top-performing currency globally in April, adding that the local currency was expected to extend its gains, amid the continuing effective policy management by the Central Bank of Nigeria. Already, the naira has continued its resurgence against the United States dollar, appreciating N1,136/$ at ...
April, 2024
February, 2024
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25 February
Explained : Why is Dollar so important to the life of Naira ?
The exchange rate of the US dollar to the Nigerian naira is one of the most important economic indicators in Nigeria, as it affects the prices of goods and services, the value of savings and investments, and the inflows and outflows of foreign currency. Various factors, such as the demand and supply of foreign currency, the monetary and fiscal policies ...
December, 2022
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8 December
Opinion :The New CBN Policy the Talibanisation of the Polical Economy
By Adewale Adeoye The CBN says you can’t take more than 20k out of your own money in one day. Corporate groups that want to buy a fridge urgently wont be able to do so if they would need up to 500k cash to do so and it there are Internet hitches. They need to wait for days. I’m for ...
April, 2021
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17 April
CBN Governor replies, schools Gov. Obaseki on Printing of N60b
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has responded to the allegation by the Edo State Governor, Godwin Obaseki, that the Federal Government had to print N60 billion to make up for the shortfall in the amount shared in March from the Federation Account by the Federation Accounts Allocation Committee. Emefiele’s response came at the end of ...
November, 2015
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6 November
Extra 9 Ways To Make Money With Irregular Salary
Even if you’re not among the super-savers who are on their way to becoming 401(k) millionaires, there are plenty of ways to build wealth on the job. Whether you’re just starting out, in your peak earning years, or planning a career second act, here are 9 ways to fatten your paycheck. 1. Begin your career in a wealth-building city. To ...
August, 2015
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18 August
From 245 To 217 Again Dollar, Naira Raises Hope, Excites Nigerians
The naira appreciated against the United States dollar at the parallel market on Monday to 217, from 221 recorded on Friday. The naira rose on the back of weak demand for the dollar at the foreign exchange markets. Forex traders linked this to an improved dollar liquidity occasioned by the sustained sales of the greenback by the Central Bank of ...
