CBN’s Battle to Safeguard the Naira

CBN Governor, Mr. Godwin Emefiele Going by the present volatility in the macroeconomy, the Central Bank of Nigeria (CBN) cannot afford to allow saboteurs ruin its current efforts to maintain price stability as well as support the recovery of the economy, writes James Emejo Undoubtedly, these are not the best of times for the Nigerian […]

Naira crashes 108% against West Africa CFA currency

Nigerian naira banknotes . REUTERS/Afolabi Sotunde • In five-year free fall • CBN sells pound above N500 for the first time The naira has fallen by 108 per cent against the West African CFA (popularly known as CFA) in the past five years as the latter rallies to wipe out the hitherto wide trading gap […]

Naira falls against dollar despite CBN’s intervention

The Naira on Friday suffered marginal loss against the dollar at the parallel market in spite of CBN’s intervention at the foreign exchange market. The Naira lost one point to exchange at N366, weaker than N365 traded on Thursday, while the pound sterling and the Euro closed at N468 and N412, respectively. At the Bureau […]

External reserve drops by $50m as .as Naira rises to N383/$

By Babajide Komolafe The nation’s external reserve on Monday dropped by $50 million, the first time in six weeks. Since March 28th, the external reserve has been on the upward trend rising from $30.3 billion to $30.983 billion Friday last week. Data posted by the CBN on its website show that the rising trend was […]

Naira further regains strength at N425 to a dollar in parallel market

The naira continued to regain strength and appreciate in value in the parallel market on Tuesday as it was sold for N425 to a dollar.However, it was N450 to a dollar at the close of transactions on Monday. A survey carried out by the News Agency of Nigeria (NAN) on Tuesday at the Bureau De […]

As the Dollar Sells for N500…

As the Dollar Sells for N500… An objective evaluation and analysis of Nigeria’s economic collapse points directly to President Muhammadu Buhari and his unprecedented inaction and monumental blunder in failing to appoint his ministers and form a government until 6 months after he was sworn into office. Furthermore, the delay in having a budget passed […]

I’m under pressure to devalue naira – Buhari

  It is exactly one year since Muhammadu Buhari was sworn in as President of the Federal Republic of Nigeria. Ahead of the official commemoration of his ascension to power, Buhari spoke with some journalists on the issues that have dominated his reign. Excerpts: Looking at the last one year, how would you assess what has […]

Naira Depreciation: Blame Governors’ Forum – By Daniel Osofisan

By Daniel Osofisan | Jos, Nigeria | March 27, 2016 – The naira has been on a steady decline for the past few months. The disparity between rates at the Central Bank of Nigeria (CBN) and that of the parallel market is as clear as the difference between day and night. Many economic analysts and keen […]

Nigeria Today! The Naira, the Dollar and the Heat in our Houses- By Leke Ademo

By Leke Ademo | NNP | March 11, 2016 – I grew up in Nigeria at a time when Nigeria was still in its early developmental stage, certain areas seem to have been on a decline. It didn’t start today, it has been declining for years, but we did little about it until it became […]

The Demise of the Naira – Foundation Built on Shifting Sand – By Emeka Chiakwelu

By Emeka Chiakwelu / NNP / March 4, 2016 – “… Likened unto a foolish man, which built his house upon the sand: And the rain descended, and the floods came, and the winds blew, and beat upon that house; and it fell: and great was the fall of it.” -Matthew 7:27 By now we […]

After my imprisonment, I discovered life is vanity-Sen Orji Kalu

Headlines

2023: Bishops, Immams endorse Okorocha for President

Categories

Why Buhari must sign amended Electoral Act – Wike

Browse Africa & World Politics

Featuring Top 3/2148 of Africa & World Politics

Browse National Politics

Featuring Top 5/1158 of National Politics

Gov. Hope Uzodinma, Opiah, Ihedioha and Other Matters – By Kenneth Uwadi

Browse NNP Columnists

Featuring Top 10/1480 of NNP Columnists

God can give power to anyone he wishes to – Tinubu

Advertisements

--

FEATURED VIDEOS

OPC to Fani Kayode: You are just a jobber lacking integrity

ARCHIVES

December 2021
S M T W T F S
« Nov    
 1234
567891011
12131415161718
19202122232425
262728293031  

© 2021 New Nigerian Politics. All Rights Reserved. Log in - Designed by Gabfire Themes