Tag Archives: Naira Value

  “Tinubu’s approach recognizes a fundamental economic principle: defending a currency is unsustainable without sufficient foreign reserves. For years, Nigeria drained its external reserves to defend the Naira, leaving little room for investments in infrastructure, education, healthcare, and other critical sectors” PEGASUS REPORTERS, LAGOS | JANUARY 20, 2025 The Naira, Nigeria’s currency, has faced turbulent times over the years, with ...

  “No doubt revaluing the Naira would affect Government revenue, but it will give the Government the needed justification to enforce price control and see so many things corrected including the craving to convert one’s savings to the USD” PEGASUS REPORTERS, LAGOS | SEPTEMBER 10, 2024 It is not that worthless. Naira worths much more than we have valued it. ...

  “Initially, this applied to the kobo end of transactions. Over time, we succeeded in killing the transactional value of the Kobo fractional unit of denomination. Without utility, the Kobo became redundant and faded into obscurity with its relevance restricted to spreadsheet presentations.” PEGASUS REPORTERS, LAGOS | AUGUST 20, 2023 Nigerians are quite peculiar in one area of money management; ...