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Tinubu’s forex blunder sends inflation soaring
Sopuruchi Onwuka The Naira fell to a new low on Friday as new gaps begin to emerge between official rates and the parallel market despite despite the executive fiat by the new administration of Alhaji Bola Tinubu to enforce a…
CBN’s forex mishap leaves the Naira rolling downhill __EIU
Sopuruchi Onwuka The hasty moves by the current administration of the federal government to dismantle all support instruments installed by the ousted Governor of the Central bank of Nigeria (CBN), Mr Godwin Emefiele, has pushed the Naira into a helpless…
Multiple windows: Investors adopt equity templates for forex rate
Sopuruchi Onwuka With inability of businesses to secure adequate foreign exchange at official rates to drive transactions that transcend the country’s borders, business proposals involving international transactions have become source of confusing calculations. Whereas the official rates for the exchange…
CBN’s rate for Naira sends false economic signals
Sopuruchi Onwuka, with agency reports Between the N460 official rate for the dollar and the over N850 in the informal foreign exchange market, market pundits that generate data to simulate the direction of the economy are having hectic time. Whereas…
Nigeria joins D8 move to circumvent forex crunch, energy crises
Following Nigeria’s acute foreign exchange crisis and piling debt, the country has joined seven other developing nations in a strategy move to enhance direct trade and commodity swaps in a desperate bid to overcome prevailing foreign exchange crisis. The alliance…
