Naira for Crude: A Potential Game-Changer for Nigeria’s Economy
The Nigerian economy might just be on the horizon of hope after all. The recent policies and actions of the government shows a deliberate move to rejig the economy. While…
The Nigerian economy might just be on the horizon of hope after all. The recent policies and actions of the government shows a deliberate move to rejig the economy. While…
The Nigerian naira experienced a reversal of fortune on Tuesday, depreciating by 0.70 percent at the official Nigerian Autonomous Foreign Exchange Market (NAFEM). This marks the first decline after a…
The Nigerian Naira witnessed a significant appreciation against the US Dollar on Monday, July 22nd, 2024, across official foreign exchange (FX) markets. This positive development follows a strategic intervention by…
Nigeria’s economic policies have been credited to significantly boosted Nigeria’s government revenue, improved credit ratings, and increased export figures, according to a recent report by PricewaterhouseCoopers (PwC). The report, titled…
Nigeria’s foreign exchange (FX) reserves have shown signs of recovery in recent months, rising to a three-month high of $33.53 billion as of June 19, 2024. This represents a 2.19%…
CEM REPORT, MARKET| The Naira’s performance against the US Dollar presented a mixed picture on Wednesday, May 23rd, 2024. Following the Central Bank of Nigeria’s (CBN) decision to increase the…
CEM REPORT, ECONOMY| In a move aimed at taming soaring inflation, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has increased the benchmark interest rate, known as the…
CEM REPORT, CURRENCY| The Nigerian Naira experienced a significant blow on Thursday, May 16th, 2024, as its exchange rate against the US Dollar plummeted by a staggering 4.89%. This sharp…
The Senate has taken a firm stance against the misuse and misuse of the naira through a bill that would dramatically increase penalties for naira abuse. This move comes amidst…
CEM REPORT, CURRENCY| The Nigerian Naira is experiencing renewed depreciation, reaching a six-week low against the US Dollar on the official NAFEX window. On Tuesday, May 14, 2024, the exchange…