Naira Devaluation Boosts Govt Revenue by N713bn   The government has made a N713.1bn revenue windfall from the devaluation of the naira, an analysis of the government’s earnings has shown. The devaluation of the naira in June was meant to boost the country’s foreign exchange earnings and...

Nigeria’s Private Sector Struggles With Economic Impact Of COVID-19, Inflation, Devaluation       The COVID-19 crisis has brought with it disastrous economic effects. As the virus continues to spread, business and world economies have been experiencing a huge decline in revenue. According to KPMG, about 94 per...

Fears Rise Over Naira Devaluation   As uncertainties over further devaluation of the naira by the Central Bank of Nigeria (CBN) continues, foreign exchange traders are threading cautiously with their funds, avoiding speculative transactions. Traders yesterday refused to offer quotes on official foreign exchange market after the...

Analysts Forecast Naira Devaluation To N400/$   The naira has been tipped to depreciate by between 10 and 20 per cent next year as the impact of falling crude oil prices and foreign exchange reserves persist. Local and foreign analysts predicted that a decline by 10 per...

Further Devaluation Of Naira Will worsen Debt Position - FSDH   Analysts at FSDH Merchant Bank Limited have said that Nigeria cannot afford another level of devaluation of the currency, saying this will worsen the nation’s debt position. The total public debt increased to N22.71tn in the...