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Posts Tagged "naira devaluation"

HomePosts Tagged "naira devaluation"
  • dollar to naira

The Partnership Initiatives for Niger Delta (PIND) recently sent Dr. Ogho Okiti and Mr. Al-Habib Onifade out into the field to find out the impact of the naira’s devaluation on different parts of four key agricultural value chains (palm oil, cassava, aquaculture and poultry) in the Niger Delta. The question of whether to devalue the […]

Bismarck Rewane, chief executive officer (CEO) of Financial Derivatives, says the Central Bank of Nigeria (CBN)  can intervene in the foreign exchange market, but must resist price fixing. He said the bank should also allow the naira depreciate to “maybe 340, maybe 350″ to reflect a real effective exchange rate. Speaking to Channels Television on […]

  • CBN

Despite a record rise in Nigeria’s foreign reserves, which should ordinarily strengthen the naira, investors are asking the Central Bank of Nigeria (CBN) to further devalue the local currency. The investors insist that the naira, which is trading at 305/$ at the official market and 490/$ at the parallel market, is not adequately priced. The […]

  • dollar to naira

Nigeria will spend an equivalent of its 2016 budget to service debts as its currency, the naira, continues to lose value against the United States dollar. Devaluation has put the real value of the country’s debt stock at around N18.9 trillion, when considered at the official rate of N307.79 per dollar, according to figures from […]