Nigeria’s current financial and economic community is quick to point out the realities of her currency, the gyrations, floundering and nose-diving in all ramifications of suggesting an economic meltdown.The nation’s legal tender, the naira, has been on a free-fall against the United States dollar...

The Naira on Wednesday exchanged for N325 against the American dollar on the parallel market. Nigerian Tribune reports The bureau de change (BDC) operators who spoke to Nigerian Tribune said the exchange rate has dropped in the past 48 hours and as they suggested a...

Ekiti State Governor Ayodele Fayose, who has made an impressive career of finding fault with President Muhammadu Buhari, however genuine or foolish, has been unusually quiet about something for which I thought he would have tried to claim credit - the value of the...

BDCs to introduce forex band, reforms for parallel market Foreign currency speculators, who launched an unprecedented attack against the naira in the last two weeks, got their fingers burnt on Tuesday when the nation’s currency staged a major recovery, rising to N310 to a dollar...