Presidential candidate of the Accord Party, Gbenga Olawepo-Hashim, has unveiled a bold plan to reduce petrol prices in Nigeria, promising that under his administration Nigerians would not pay more than ₦605 per litre. He further argued that with reforms to production costs and exchange rate management, the price could eventually […]
The Association of Bureaux De Change Operators (ABCON) credits the Central Bank of Nigeria’s (CBN) decision to reintegrate BDCs into the forex market for the recent surge in the Naira’s value. ABCON President, Dr. Aminu Gwadabe, highlights several positive impacts: Naira appreciation by N660 (from N1,915/$ to N1,255/$) Reduced prices […]
The Central Bank of Nigeria (CBN) has quashed rumors circulating in the media about plans to convert $30 billion domiciliary deposits to naira. This clarification comes in the wake of speculations suggesting that such a move was being considered to stabilize Nigeria’s currency, which recently experienced its worst performance in […]
