Tag Archives: Dollar Rates

ECONOMY: Why the CBN Blame-game in the Naira Devaluation: Unmasking Policy Self-sabotage in the Forex Crisis (Part 1) – Barrister Emmanuel Ogebe

  “To fully comprehend the insanity of this action, kindly consider the following: NNPC’s monthly forex payment to CBN dropped from $3Billion to just $300Million (10%) whereas Nigeria needs $1.8Billion monthly for debt service and $4.6Billion for importers.” PEGASUS REPORTERS, LAGOS | AUGUST 20, 2023 Recently, Nigeria has experienced an almost 100% per cent decline in the naira’s value compared ...

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