Naira may be on track to regaining N1,300/$ as the dumping of hard currencies warehoused by speculators turns the foreign exchange (FX) into a buyer’s market.

ALL development programmes implemented by Nigeria since independence have always been conceived in Britain and America. Nigeria began with National Plans 1960-1985, then the Structural Adjustment Programme (SAP) 1986-now.

After a riotous February, naira seems to be on a new price-discovery path even as multiple estimates agree the currency is currently trading below its “fair value”, suggesting a significant appreciation that will raise the exchange rate to about N1400/$ before the end of the year.

Cryptocurrency giant Binance has said it will discontinue all its naira services, days after two of its officials were detained in Nigeria. The world's biggest cryptocurrency exchange has already told its Nigerian users to either withdraw their naira deposits, trade their assets denominated in the currency or convert their naira holdings into crypto before the…

The slogan of President Ahmed Bola Tinubu is good but as far as I’m concerned, I see a big disconnect between the renewed hope, and anticipated hope.

The FBNQuest Research Economic Outlook Report 2024 has projected significant volatility in the exchange rate with a year-end rate of N1,317/$ following uncertainty surrounding liquidity inflow.

Presidential candidate of Labour Party (LP) in the 2023 general elections, Peter Obi, yesterday, advised federal agencies against arresting Bureau de Change operators, noting that they are not responsible for the free fall of the Naira.

In recent years, the naira-dollar market in Nigeria has so far been liberalised twice. The first, in June 2016 and the second, in June 2023. Both moves have significantly contributed to the rapid decline in the value of the naira. If the monetary authority firmly embraces and continues to stick to this option, the strength of the currency will yet again continue to shrink at an accelerating pace.

Rev. Wanson Yusufu, the Executive Secretary of the Plateau Christian Pilgrims Welfare Board (PCPWB), has decried the negative effect of dwindling value of the Naira against the dollar on the Christian pilgrimage.

President Bola Ahmed Tinubu’s plea with the 36 states governors to ensure the payment of all salary, gratuities and pension arrears as a way of putting money into the hands of the people, especially now that states get more monthly Federal Account Allocation Committee (FAAC) revenue...

Dr. ’Tayo Popoola is an Associate Professor at the Department of Mass Communication, University of Lagos, Akoka. In this interview with ONYEDIKA AGBEDO, the scholar of political communication, speaks on the state of the nation.

In the face of rising cost of living, the Pentecostal Fellowship of Nigeria (PFN) in conjunction with the Christian Pentecostal Fellowship of Nigeria (CPFN), has called on President Bola Tinubu to urgently upwardly review the salaries of workers.