The inflation rate in Nigeria currently stands at 20.77%, a 17-year high and an all-time high since 2005. The weakening economy and the global oil crises are the main causes of ...
The Nigerian economy is crumbling and that is affecting everyone and the value of businesses and goods in Nigeria. The buying power for Naira has been plummeting at about 25 percent yearly. In 20...
Experts have cautioned that an increase in political activity will make the naira crisis worse. The currency's value has continued to fluctuate on several markets, and analysts are conc...
International spending on the naira visa debit card will no longer be allowed on StanChart starting next month, according to Standard Chartered Bank in a recent customer statement. The ...
Godwin Emfiele, the governor of the central bank, said that the eNaira currency impacts commercial banks, especially when customers transfer funds to their eNaira wallets from their bank accounts....
The "Naira4Dollar Scheme" of the Central Bank of Nigeria (CBN) was launched in March 2021, and since then, the rate of the naira has dropped by a staggering N127 (or 26 percent). ...
Nairaland is an online forum targeted at Nigerians. It was established on March 8, 2005, by Nigerian businessman Seun Osewa and is currently ranked as the sixth most popular website in Nige...
The Nigerian Central bank reported in April that the interest rate is 16.82 percent, however, we believe that it is much higher than that since the buying power of the Naira has reduced drastically wh...
To trade stocks and other investments like mutual funds and ETFs in the United States, you must be at least 18 years old. A person of legal age, on the other hand, can open a custodial account for the...
Currency pegging occurs when a government or central bank artificially raises or lowers the value of its currency in relation to the value of another asset rather than letting it continue trading on t...