Archives Tag: parallel market
How to Protect Your Business from the Naira Devaluation
April 19, 2022
Earlier in June, the Central Bank of Nigeria announced that it was doing away with the long-standing fixed exchange rates for the naira. In a disclosure that grabbed headlines nationwide, the apex bank said that it would now float the local currency, i.e. allow market forces (demand and supply) to determine the rates for … Continue reading How to Protect Your Business from the Naira Devaluation
Nigeria’s Forex Crisis and the Businessman’s Headaches
April 19, 2022
What has the naira-dollar exchange rate got to do with a bowl garri?
