Naira, Two Others Worst Performing Currencies in 2024 – Bloomberg The naira has emerged as the worst-performing currency in the world in the first half of 2024. According to a report by Bloomberg on Friday, devaluation, insufficient dollar liquidity, and market volatility have hindered efforts by...

Cardoso: A Timely Advocacy for Transparency, Accountability in Nigeria’s Debt Management  By Abdulrahman Abdulraheem Nigeria is regarded as one of the potentially wealthy and resource-rich countries in the world even though the huge potential is yet to translate into real economic prosperity for the nation. Just...

Ways and Means and Nigeria’s Debt Situations By Abdulrahman Abdulraheem Nigeria is regarded as one of the potentially wealthy and resource-rich countries in the world even though that huge potential is yet to translate into real economic prosperity for the nation. Just like Oliver Twist, even...

External Reserves Soars to $34 billion Nigeria’s external reserve hit a new milestone in June, rising to $34.07 billion, the highest level since March 2024. This information comes from the Central Bank’s external reserve position as of June 26, 2024. Last week, the external reserve reached...

CBN Shuts Down FX Price Verification Portal for Importers July 1 The Central Bank of Nigeria says it will discontinue the foreign exchange price verification system portal used by importers from July 1. It also noted that the Price Verification Report will no longer be a...

CBN Governor Cardoso Sees End to Excessive FX Volatility The Central Bank of Nigeria (CBN) has disclosed that the worst is over for the Naira’s fluctuations. CBN governor, Olayemi Cardoso, struck an optimistic tone regarding the naira’s stability in a recent interview with Bloomberg TV. He expressed...