A New Perspective
While China’s willingness to accept naira marks a potential shift toward de-dollarising trade and improving transaction efficiency, the impact remains largely limited by structural issues.
The month comes with one of the best Naira outlooks of the year, having started at a decent rate and maintaining the trend within the first week.
For students studying abroad, freelancers paid in foreign platforms, and families with bills outside Nigeria, the news signals both convenience and cost savings.
With reserves strengthening and investor inflows sustained, the naira’s steadiness suggests that policymakers’ efforts to stabilize the currency and restore market confidence are beginning to pay off.
A 5-year projection table showing side by side the savings growth vs inflation effect, money vs purchasing power gap, can become a real situation for most people.
Anyone can have access to the CBN eNaira through the wallet, use it as cash and for forex. The Central…
CBN extended eNaira launch date and put the project on hold indefinitely. The Central Bank of Nigeria, CBN announced that…
Central Bank of Nigeria, CBN launches website for eNaira, Nigeria’s digital currency. The CBN has said that the eNaira, the…
The Central Bank of Nigeria, CBN, has affirmed with a statement that it will not convert forex in domiciliary accounts…
CBN directive on BDC Licence. The Central Bank of Nigeria, CBN has sent a circular to deposit money banks to…
