naira decline

  1. Double Standard? EFCC Under Fire for Ignoring Politicians' Luxury Spending While Scolding Nigerians Over Naira

    Nigeria Double Standard? EFCC Under Fire for Ignoring Politicians' Luxury Spending While Scolding Nigerians Over Naira

    The Economic and Financial Crimes Commission (EFCC) has ignited a storm of controversy by attributing the devaluation of the Naira to the ordinary citizens' transactions in dollars, rather than addressing the extravagant spending habits of Nigerian politicians on luxury goods abroad. The EFCC's...
  2. Nigerians Divided Over Basir Ahmaad's Comments Excusing the Government Over Commodity Price Fluctuations

    Nigeria Nigerians Divided Over Basir Ahmaad's Comments Excusing the Government Over Commodity Price Fluctuations

    Bashir Ahmed, media aide to former President Buhari questioned the impact of the falling dollar on commodity prices. A week ago, the dollar traded at around N1900, leading to adjusted commodity prices. With the dollar now trading at under N1500, the aide raised concerns about whether commodity...
  3. [Video] VP Shettima: Impending Implosion Of Nigerian Economy Being Celebrated by Clowns on Twitter

    Nigeria [Video] VP Shettima: Impending Implosion Of Nigerian Economy Being Celebrated by Clowns on Twitter

    In a recent video shared by Symfoni, Vice President Kashim Shettima expressed his disappointment with Nigerians who, in his words, find amusement in the depreciation of the Naira against the dollar. Speaking at a function in Abuja on January 31, Shettima labeled those celebrating the Naira's...
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