President-elect Donald Trump has threatened to impose a 100 percent tariff on the BRICS group nations if they undercut the US dollar. "We require a commitment... that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty US Dollar or, they will face 100 percent Tariffs," Trump wrote…

The amount of cash held outside of Nigeria's banking system decreased by 3.32 percent in July to N3.66 trillion, indicating a decline from the N3.78 trillion recorded in June. According to data from the Central Bank of Nigeria (CBN, the percentage of currency in circulation held outside banks dropped to 90.39 percent in July from…

Cryptocurrencies are emerging as a transformative force, reshaping the way we perceive and engage with currency in today's rapidly evolving financial landscape. Praise Akinlami, an experienced marketing visionary and CEO of Profitify Consulting based in Abuja, Nigeria, offers insights into the growing significance of cryptocurrencies and their impact on global markets. With a demonstrated track…

Counterfeiting is the illegal production and distribution of fake or unauthentic goods, ranging from luxury items to medicines, and electronics. This illicit activity has significant economic and social impacts, posing risks to businesses, consumers, and public safety. Counterfeiting is a global issue that is not peculiar to our Nigerian context alone, and it comes with damaging economic and social consequences.

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.