• Naira Continues in Its Woeful Free Fall as Buharinomics Fails…See Current Value

    Naira Continues in Its Woeful Free Fall as Buharinomics Fails…See Current Value

    Nigerians are fast losing hope in President Muhummadu Buhari’s ability to turn around the fate of Nigeria’s economy as the naira crashes fatally.

    These are currency exchange rates for 01/09/16 as of 10:00am as powered by Zenith Bank. The naira which exchanged for N418 to a dollar at the black market has suffered a further fall to N420.

    Nigerians have heaped massive blames on President Muhammadu Buhari who made a bombastic statement about equating the naira and the dollar during the 2015 […]

  • Why naira is on a free fall – CBN governor explains

    Why naira is on a free fall – CBN governor explains

    Emefiele, who was represented by his deputy, Sarah Alade, emphasised that the nation would grow economically when it produces, have more things to sell and export to earn dollars.

    His words: “Our currency is naira but there are lots of things we buy but we cannot use the naira.

    “We have to use dollars but do we earn dollar? We earn dollar when we have something to sell to people who have dollar so we can gain in Naira.

    “In Nigeria, the only […]