By Philip S. Clement, Muideen Olaniyi (Abuja) & Abdullateef Aliyu (Lagos) The federal government yesterday announced plans to automate transactions in the entire foreign exchange market in order to close the wide arbitrage and punish naira speculators. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, disclosed this in Abuja during the…
By Philip S. Clement, Simon E. Sunday (Abuja), Abdullateef Aliyu (Lagos) & Salim U. Ibrahim (Kano) Nigerians are passing through difficult times as the cost of living continues to rise, Daily Trust reports. Their purchasing power is also dwindling amidst rising inflation, which hit 19.6 per cent as of July 2022. Obi driving sentiments […]