devaluation

CBN says not contemplating devaluation of naira

The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the bank is…

Let us leave this Europe alone

By Owei Lakemfa Nigeria is in dire financial straits. Nothing better typifies this than the…

Naira falls to N189 per dollar, CBN bans banks from holding dollar reserve

Nigeria's central bank has barred banks from holding their own funds in dollars in order…

Reuters: Nigeria's currency in line for battering, devaluation looms

Plunging oil prices, terrorism and messy pre-election politics are setting the stage for a rough…