Naira

Money Spraying: Wasteful act or cultural tradition
Money Spraying: Wasteful act or cultural tradition

Money Spraying: Wasteful act or cultural tradition?

There’s been a heightened increase in EFCC’s approach to clamp down on Naira abuse, particularly in Nigeria’s party celebrations, which we tag as money spraying, and this could actually land you in…
3 days ago
Naira Vs. Dollar: Inside the Crude Controversy
Naira Vs. Dollar: Inside the Crude Controversy

Naira Vs. Dollar: Inside the Crude controversy

The Naira for Cude oil policy, introduced in October 2024 by the Federal Government was designed to allow local refineries to buy crude in naira, cut dependence on imported fuel and boost…
1 month ago
Will Naira gain on higher interest rates
Will Naira gain on higher interest rates

Will Naira gain on higher interest rates?

Governor of the Central Bank of Nigeria, Olayemi Cardoso says efforts must be sustained to achieve a positive interest rate. Are the current interest rates high enough to sustain naira gain and…
8 months ago
Nigeria : Dangote refinery to buy crude in naira
Nigeria : Dangote refinery to buy crude in naira

Nigeria : Dangote refinery to buy crude in naira

Dangote refinery has been struggling to secure enough to meet its 650,000 barrel per day capacity, that's despite Nigeria being the continent's top oil producer and the Dangote site being one of…
9 months ago

Can naira recover ground?

The naira recorded its first appreciation against the dollar at the official foreign exchange market after weeks of depreciation. Analysts say the decline is due to decline in dollar liquidity in the…
12 months ago

Will naira sustain rebound?

Goldman Sachs expects the naira to extend recent gains following its record as the best performing currency in the world this month. The group forecasts the local currency could trade about 1,000…
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