Tag: Devaluation

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‘I Won’t Kill The Naira’ – Again, Buhari Rejects Devaluation

President Muhammadu Buhari declared late Wednesday in Nairobi that he was yet to be convinced that Nigeria and its people will derive any tangible...

Naira Drops To New Record Low Of N260 To $1

The Naira today traded a about N260 to the dollars as scarcity of the greenback continues to hit the parallel market. The Naira closed...

CBN Reiterates FG’s Stance On Naira Devaluation

Nigeria's apex bank, the Central Bank of Nigeria, CBN, on Friday, said it has no plans to devalue the naira again. This echoes the...

No Plan To Devalue Naira, CBN Insists

The Central Bank Governor, Mr Godwin Emefiele, has reiterated the bank’s stance on not devaluing the naira as many Nigerians would expect. According to him,...

Nigeria Will Have To Devalue Its Currency According To Standard & Poor’s

Nigeria will have to devalue its currency at some stage, possibly by more than 15 percent, ratings agency Standard & Poor's said on Wednesday,...

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