They said they dodged bullet, but ended up in a nuclear blast ―Aisha Yesufu decries alarming exchange rate

Nigerian activist, Aisha Yesufu, has decried the alarming spike in the dollar to Naira exchange rate, as one dollar is currently being exchanged for N920 at the parallel market. In a video she posted, Aisha said that some persons claimed that they dodged a bullet but instead ended up with a nuclear blast. While tackling […]

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How Nigeria can tackle naira-dollar exchange rate crisis —Olabode Agusto

Former Director-General of Budget Office of the Federation, Bode Agusto, has said that pegging the naira to the United States’ dollar can not sustainably address the exchange rate crisis. Mr Agusto also said floating the Naira, which means allowing the forces of demand and supply to determine the rate at which the local currency exchanges […]

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Naira crashes to its weakest exchange rate since 2017

Nigeria’s currency, the Naira has crashed to a four-year low in the parallel market after the Central Bank’s efforts to coax banks to sell more Dollars to customers failed to bridge the widening gap between the official and street rates. Prohibited dealers were offering the naira at 502 per dollar on Wednesday, June 16, from […]

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