devaluation – InfoStride News

GEJ Denies Issuing Statement On Nigeria’s Economy

David Folami — Tue, 15 Mar 2016 03:32:40 +0000

Former President, Goodluck Jonathan has denied reports that he issued a statement on the state of Nigeria’s economy. Jonathan made the denial via a post on his official Facebook page on March 7, 2016. It reads: “My attention has just been drawn to a spurious online publication alleging that I recently made comments on the [...]

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Muhammadu Buhari Rules Out Naira Devaluation

David Folami — Sun, 21 Feb 2016 12:38:43 +0000

Nigerian president, Muhammadu Buhari has again ruled out Naira devaluation saying his administration would encourage local production and efficiency. In a statement by his Special Adviser on Media and Publicity, Femi Adesina, the President spoke made this revelation at the Africa 2016: Business for Africa, Egypt and the World at Sharm El-Sheikh in Egypt on [...]

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Devaluation of Naira Not a Solution to Our Nation’s Current Economic Down Turn – VP Osinbajo

Wale Adebayo — Fri, 30 Oct 2015 12:36:35 +0000

Vice President, Prof. Yemi Osinbajo yesterday said that further devaluation of Naira was not a solution to the current economic down turn in the country and therefore, the government would not devalue the currency. He announced the federal government’s plan to set up a $25 billion Infrastructural Fund which would be sourced from local and [...]

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China’s Currency Wars rattle African Economies, shakes Global Stock Markets

AMA — Tue, 01 Sep 2015 20:05:45 +0000

Since China’s devaluation of the yuan last month, an estimated $5tn has been wiped off global stock markets. Jolting financial markets, emerging and developing nations have been the hardest hit and have seen their currencies fall to multi-year lows. Albert Essien, the CEO of the pan-African bank EcoBank, joins the programme to discuss the impact [...]

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