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Debate Surrounds Government's Exchange Rate Target and Banking Sector ReorganizationAmid reports suggesting that the Federal Government is working on attaining an exchange rate target of N500-N600 per US dollar while contemplating banking sector reorganization, various private sector organizations and financial experts have voiced differing opinions on...
Showing posts with label exchange rate. Show all posts
Showing posts with label exchange rate. Show all posts
Thursday, November 9, 2023
Monday, October 30, 2023
Amid the forex crisis, labor holds government officials accountable and is scheduled to meet with the federal government today.
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The Nigeria Labour Congress (NLC) has voiced its concerns over the severe consequences of the forex crisis on the nation's economy. The NLC President, Joe Ajaero, attributed the sharp depreciation of the national currency to government officials' preference for foreign luxury goods. He warned that the economy was at risk of enduring a series of negative...
