Tag Archives: devaluation

The Federal Government’s insistence not to devalue the naira yesterday saw the local currency firming sharply on the parallel market against the greenback. The naira closed at between N300 and N310 to dollar, regaining about 20 per cent of its Tuesday’s N364 to dollar closing rate. The rates had opened …

Billionaire business man and Chairman of Capital oil, Ifeanyi Ubah, has said if given the chance, he can make the dollar return back to N200 within one month. Ubah said this during an Interview with Channels TV on February 21st. He said : “Look at the position of the Naira …