Tag Archives: Naira Devaluation

The Declining Value of the Naira: A Call for Transformational Leadership. – Olubunmi Sodade

  The example of China serves as a reminder that even in the face of adversity, a nation can rise and transform itself. After the Opium War (1840-1842), China was gradually reduced to a semi-colonial, semi-feudal society and was subjected to terrible oppression. It went through immense humiliation, its people endured untold suffering, and the ancient Chinese civilization lost its ...

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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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