Naira Skids as Rising FX Demand Tests ‘Willing Buyer, Willing Seller’ Model The Naira depreciated against the dollar due to persistent US dollar scarcity.  Increased demand for FX has tested to test the effectiveness of Nigeria’s willing buyer, willing seller FX model despite the nation’s dependency on imports. According to information obtained from FMDQ Securities […]

Price Crude Oil in Naira to Strengthen Local Currency, Expert Advises FG A financial expert, Mr Okechukwu Unegbu, has advised the Federal Government to consider pricing the country’s crude oil, in Naira in order to strengthen the local currency. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), said this in […]