naira

The Digest: A currency debate has emerged as some forex traders credit the naira’s recent stability to the success of a currency swap agreement with China. They claim Chinese traders are now collecting naira instead of dollars, reducing pressure on the local currency. Key Points: Some...

Ever wondered why Nigeria operates multiple exchange rates, while most countries have a single one? The naira isn't just over rated—it's systematically managed through a complex web of policies that create artificial scarcity, maintain economic illusions, and shift real costs to ordinary...