LAGOS DECEMBER 30TH (NEWSRANGERS)-A US-based media company, Bloomberg L.P., has predicted a continued decline of the Nigerian naira in 2024, potentially making it the worst-performing currency globally for the second year in a row. Bloomberg’s market analysis reveals a staggering 55% depreciation of the naira this year, reaching about 1,043 to the dollar as of…
By Bola Bolawole LAGOS DECEMBER 29TH (NEWSRANGERS)-While he was visiting President Bola Ahmed Tinubu recently, the Nobel Laureate, Prof. Wole Soyinka, said he would give the president one year of grace before rating his performance in office. As would be expected, Tinubu and or Soyinka haters have read negative meanings into that. Soyinka, some have…
LAGOS DECEMBER 22ND (NEWSRANGERS)-The House of Representatives on Thursday warned the Point-of-Sales (POS) operators in the country to stop selling naira notes and remove excessive charges to customers nationwide immediately. This is even as the House mandated the Committees on Banking Regulations and Digital and Electronic Banking to invite the Minister of Finance and National…
LAGOS NOVEMBER 26TH (NEWSRANGERS)-Nigeria’s central bank pledged major changes to get a grip on inflation and steady the country’s battered currency, signaling tighter monetary policy ahead. The Central Bank of Nigeria will switch to inflation targeting instead of trying to control money supply in its battle to slow price increases, Governor Olayemi Cardoso said in…