Naira Resurgence, Foreign Reserves and the Illusion of Truth, by Abdulrahman Abdulraheem
Famous psychologist, Tom Stafford, believes repetition makes a claim seem more true, regardless of whether it is or not. Understanding this effect can help one avoid falling for propaganda.
“Repeat a lie often enough...
Naira Depreciates to N1,250/$ in Parallel Market
The Naira, yesterday, depreciated to N1,250 per dollar in the parallel market, from N1,140 per dollar on Thursday.
Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,234.49 per dollar.
Data from FMDQ showed that the indicative...
How Naira Emerged World Best Performing Currency - Cardoso
The Central Bank of Nigeria (CBN) governor, Olayemi Cardoso, has explained why Naira made a remarkable rebound and emerged the world’s top-performing currency in April 2024.
Cardoso made this remark in a press briefing on the sidelines...
Cardoso’s Cards, Naira’s Gain, Enemies’ Pain, by Abdulrahman Abdulraheem
In Williams Shakespeare’s iconic piece, “All is Well that Ends Well,” Helena was intensely in love with the Prince, Betram, who had no iota of feelings for her due to her poor and inferior background. She...
CBN Not Defending Naira With Foreign Reserves - Cardoso
The Governor of the Central Bank of Nigeria (CBN) Mr. Olayemi Cardoso, said yesterday that the apex bank is not defending the Naira with the nation’s foreign reserves.
He was speaking against the backdrop of the recent...
Naira Closes at N1,050 per Dollar at Parallel Market
The naira yesterday exchanged at N1,050 to dollar at the parallel market.
It exchanged at N1,125 to dollar on over the weekend, representing N75 appreciation. Naira appreciated by 0.56 per cent to close at N1,136 to dollar...
