Osinbajo washes hands off Naira devaluation – Osinbajo

October 13, 2021 Abdullahi M. Gulloma 0

Vice President Yemi Osinbajo Tuesday denied calling for the devaluation of Naira as reported by a certain section of the media. The Vice President said in a statement issued by his Mr Laolu Akande in Abuja that he has consistently been against what he referred to as “a willy-nilly devaluation of the Naira.” The statement reads: “Our attention has been Read More

CBN/AbokiFx saga: Currency play and lessons from Billions TV show

September 28, 2021 Abdulhaleem Ishaq Ringim 0

While explaining the reason for the Central Bank of Nigeria’s clampdown on the parallel market exchange rate aggregation and publication website, AbokiFx, the CBN Governor submitted that the CBN’s preliminary findings suggested that AbokiFX was used for foreign exchange “manipulation and speculation”. “They get Naira notes, use it to purchase dollars, take a position, change the rate over a given period, Read More