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Tag Archives: Central Bank of Nigeria

Why Tinubu Should Immediately Stop Naira Floating – Sagay

A Senior Advocate of Nigeria (SAN), Itse Sagay, emphasized the urgent need for President Bola Tinubu to halt the naira floating as a crucial step in addressing the nation’s economic difficulties. The Central Bank of Nigeria (CBN) announced in June 2023, as a part of its economic recovery measures, the consolidation …

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BREAKING: Naira Drops To N2,000/1£ At Parallel Market

NIGERIA’s local currency, the naira, has plummeted to a new low, now trading above 2,000 naira against the Great Britain Pound in the parallel market. This was confirmed by a Bureau de Change operator in Wuse Zone 4, Malam Ibrahim, who spoke with Punch. He noted the currency’s significant depreciation …

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