Apprehension as FG borrows N20.1t under Tinubu theeagleonline.com.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theeagleonline.com.ng Daily Mail and Mail on Sunday newspapers.
Anxiety lingers over fate of naira as speculators exploit CBN low funding Business Hallmark hallmarknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hallmarknews.com Daily Mail and Mail on Sunday newspapers.
Nigeria: Why Naira Depreciated By 23% in 4 Days - Currency Dealers, Analysts allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Confirming this development, Umoru Ahmed, a currency dealer based in Lagos Island said: “The naira was traded at N1,500 this morning of which I bought. There is no inflow of dollars like before and not all the BDCs have access to dollars especially if they registered late.
Nnamdi Nwizu, co-founder of Comercio Partners Limited, an investment bank, has stated that the naira's consistent gain is due to the policies of the apex bank, which is managed by Dr. Olayemi Cardoso.