naira

The Digest: A new economic report by Quartus Economics is urging the Central Bank of Nigeria (CBN) to introduce N10,000 and N20,000 notes to restore the Naira's "portability" after a 94% decline in its value over two decades. According to The Punch, the report argues that the N1,000 note is...

The Digest: A new report from Renaissance Capital Africa has identified the Nigerian naira as the most overvalued currency in Africa, estimating it is overpriced by 30% against the US dollar based on real effective exchange rate models. The analysis suggests that despite apparent stability and...

The Digest: In a symbolic declaration for Nigeria's 65th Independence Day, President Bola Tinubu has asserted that the Naira has achieved a new level of economic sovereignty, no longer tethered to the volatile swings of global crude oil prices. He framed this as a key outcome of his...

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...