naira float
Forex Reserves Hit $40.16bn on Tinubu Reforms
Nigeria’s foreign exchange (Forex) reserves have hit a 14-month high, climbing to $40.159 billion as of August 7, 2025, from $37.195 billion barely a month earlier — a growth of nearly $3 billion in just over five weeks. The Presidency attributes this significant leap to President Bola Ahmed Tinubu’s bold economic reform agenda. According to […]
Buhari’s Legacy on Naira Peg, FX Controls Faces Overhaul Under Tinubu
The death of former President Muhammadu Buhari has not only closed a significant chapter in Nigeria’s political history but may also pave the way for a reset in key economic policies—particularly in foreign exchange regulation and investor engagement. Analysts and business leaders are already forecasting a shift away from Buhari’s controversial monetary legacy, including his […]
Peter Obi Slams Tinubu’s ‘Haphazard’ Fuel Subsidy Removal, Naira Float Policy
Labour Party’s 2023 presidential candidate, Peter Obi, has strongly criticized the President Bola Tinubu-led administration over what he described as the “haphazard implementation” of crucial economic reforms, including the removal of fuel subsidy and the floating of the naira. Speaking in an interview on Arise Television on Monday, Obi stressed that while the policies themselves […]