Naira Falls Further Against US Dollar

It has been revealed that the naira has fallen against the US dollar at the parallel market again. According to a business reports, the naira on Monday further depreciated against the dollar at the p…

Three Tiers of Government Shred N442.606 for August

The three tiers of government on Tuesday night in Abuja shared the total sum of N442.606 billion for the month of August, representing N69.193 billion or 13.51 per cent drop from the N511.799 billion…

Financial Experts Call for Naira Devaluation

Financial analysts have  urged the Central Bank of Nigeria (CBN) to yield to the calls for naira devaluation as a response to the slump in the global oil market. They claimed Nigeria has a lot t…

Yuan Devaluation Effect on the Nigerian Economy

Today, China is an upper middle income country with more expensive labor. Their economy is increasingly based on domestic innovation, consumption, and exports of high-tech products. Chinese firms hav…

Naira Appreciates Again Against the Dollar

The Nigerian currency has been able to win some points over the week, thanks to some of the new policies put in place by the present administration of President Muhammadu Buhari to revive the nation&…

China Devalues Its Currency

The Chinese government has make moves to devalue its currency, the Yuan. Before now, the currency had been a tightly controlled currency and it was more of a surprise to the world at large when the n…