NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Tinubunomics: Naira loses 48% value, economic team struggles

FIVE months after the inauguration of President Bola Ahmed Tinubu, Nigeria’s local currency, the naira, has lost 48 percent value in the parallel market where the majority of economic agents source their foreign exchange. His economic team appears to be losing the magic wand as spiraling inflation and low standard of living continue to buffet […]

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