naira devaluation

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    Business Why There Is N600 Increment in Cement Price – Dangote

    Dangote Cement Plc, Africa’s largest cement producer, has announced an update on trading activities and its plans to convert some of its power plants to coal powered plants. According to the firm on Wednesday, sales growth remained strong in Nigeria with volumes up 15% in July and August...
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    Business Audu Ogbeh: I Hope Naira Does Not Hit N1000 Per Dollar [VIDEO]

    President Muhammadu Buhari's Minister of Agriculture, Audu Ogbeh has said that he does not believe in the devaluation of the Naira. Speaking at the Town Hall Meeting and Policy Dialogue on Good Governance in Abuja on Tuesday, the minister said Nigeria has been heading for disaster since 1986...
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    Politics President Buhari Opens Up on Naira Devaluation, Fuel Subsidy Removal

    President Muhammadu Buhari in Abuja yesterday, told editors and newspaper executives in a brief interview to mark the administration’s first year in office that the biggest shock he had during the past year as President. On Naira Devaluation: He said in the course of its history Nigeria...
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    Business Naira Devaluation: Senate Summons Emefiele, Adeosun Over State of the Economy

    The Senate has summoned the Minister of Finance,Kemi Adeosun and the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to brief the senate on the current state of the economy especially with the imminent plans to effect naira devaluation. The decision followed a Motion on the...
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    Business Nigeria's Apex Bank, CBN Reacts To Naira Devaluation Reports

    Nigeria’s Apex bank, the Central Bank of Nigeria has reacted to various reports that the Naira had secretly been devalued to N290 to a dollar. The CBN denied the reports and any plans to devalue the Naira in the future. The bank’s Acting Director, Corporate Communications, Isaac Okoroafor...
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    Business 5 Prominent Nigerians Speak About Naira Devaluation

    Some prominent Nigerians have spoken for and against the devaluation of the naira. Read what five of them have said about the it... Adams Ohiomhole, Edo State Governor: Naira devaluation won’t help Nigerian economy “Even if we devalue by 300 per cent, it will not curb the appetite of the...
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    Politics President Buhari Speaks on Naira Devaluation

    President Muhammadu Buhari has once again throw his back against the devaluation of Nigeria's currency. Buhari insisted that he is yet to be convinced that the vast majority of ordinary Nigerians will derive any tangible benefit from naira devaluation. Presidential spokesman Femi Adesina...
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    Business Nigeria Economics Loses to Politics as Buhari Takes Naira Stand [Bloomberg]

    Bloomberg, the privately held financial software, data, and media company headquartered in Midtown Manhattan, New York City has written another mindblowing piece on President Muhamamdu Buhari's stand on naira devaluation and how it has favoured politics more than the economy of Nigeria...
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