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There’s one move that almost always sets off chaos in the currency market
via businessinsider

Florence Fu / Business Insider Some world currencies are pegged to the dollar. This is what that means. Nigeria finally did the painful thing everyone said that it had to do. On June 20, it unpegged its currency, the naira, from the US dollar and...
Oil slump: Dollar Now Sells For N208
via medianigeria

The naira on Friday crashed against the United States dollar from 191 to 208 at the parallel market, otherwise known as the black market.The dollar sold for between N205 and N208 on the streets of Lagos, Abuja and other major cities in the country.The...
Oil slump: Dollar now sells for N208
via 247nigerianewsupdate

The naira on Friday crashed against the United States dollar from 191 to 208 at the parallel market, otherwise known as the black market. The dollar sold for between N205 and N208 on the streets of Lagos, Abuja and other major cities in the country...
Ring-fencing a Economy by Ban on Illicit Financial Flows
via forex.tdprofiti

Packet of US Dollars The breach of a acceptance of unfamiliar banking income deposits by deposition income banks announced by a Central Bank of Nigeria (CBN) final week will eventually ring-fence a Nigerian economy opposite unlawful financial flows...
Buharists and their Stockholm Syndrome – Kennedy Emetulu
via nigerianmuse

Buharists and their Stockholm Syndrome First, let me quickly make an apology. I apologize for using the term “Buharists” to describe those invested in voting for General Muhammadu Buhari in the forthcoming presidential election if he is presented as...