Naira

News

House of Representatives calls for review of 2024 budget amid naira’s decline

Editor - March 8, 2024

Amidst the tumultuous decline of the naira in recent months, the House of Representatives has called for a critical reassessment of the 2024 budget...

Economy

The devaluation dilemma: Unveiling the root causes beyond Aboki FX and Binance

Editor - March 7, 2024

By Abdulrauf Aliyu As the dust settles from the removal of Aboki FX and Binance from Nigeria's financial landscape, one would hope for a newfound...

News

Economist Bismarck Rewane dispels notion of Naira’s curse, calls it a currency in transition

Editor - February 6, 2024

In a recent appearance on Channels Television's flagship program, Politics Today, prominent economist Bismarck Rewane debunked the notion that Nigeria's currency, the naira, is...

Economy

Nigeria pursues $1.5bn World Bank aid to address naira decline

Editor - January 18, 2024

In a bid to combat the profound dollar shortage contributing to the depreciation of the naira, Nigeria is actively seeking $1.5 billion in aid...

Economy

CBN extends validity of old Naira notes indefinitely

Editor - November 15, 2023

In a recent announcement, the Central Bank of Nigeria (CBN) revealed its intention to extend the validity of old N200, N500, and N1,000 naira...

News

Naira woes continue as investors repatriate $5 billion dividends

Editor - September 5, 2023

Foreign firms repatriated $5.86 billion from the Nigerian economy between October 2022 and March 2023, the Central Bank of Nigeria has disclosed. About $5.13 billion...

Opinion