Naira Faces Further Decline On Continued Dollar Scarcity

Naira Faces Further Decline On Continued Dollar Scarcity
The naira is set to witness another round of decline against the dollar in the days ahead as expected increase in dollar flows from Nigerians living abroad coming home for holidays fell short of expectations. The local currency closed at 490 to the dollar on Friday, from 495 against the dollar last Friday at the parallel market, Reuters reported. In…Read More

Naira Falls Further To N445/dollar In Parallel Market

Naira Falls Further To N445/dollar In Parallel Market
The naira sustained its decline on the parallel market as it slipped to N445 to the dollar yesterday, lower than the N440 to the dollar it closed on Friday as pressure and activities of speculators continued to hurt the nation’s currency. But on the interbank FX market, the spot rate of the naira depreciated marginally to N308 to the dollar,…Read More

CBN-Hajj Brouhaha: Tale Of A Country And Her Religious Bigots

CBN-Hajj Brouhaha: Tale Of A Country And Her Religious Bigots
Nigeria is indeed a country of boundless absurdities, most of which were "invented" and found their way to the fore just after the exit of PDP which "ruled" the country for sixteen years uninterrupted. The oddity in the attitude of the average political commentator we see today, especially from those who pitched their tent with PDP in the last election,…Read More

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