Naira Struggles;

Naira Under Siege as Brent Crude Oil Falls Below $70 Per Barrel

Sep 10, 2024. by Ekohot Editor

The price of Brent crude oil has dropped below $70 per barrel for the first time since December 2021, raising concerns about a global economic slowdown. This steep decline in oil prices is expected to put additional pressure on the Nigerian naira, which has recently depreciated to N1,600 per US dollar. EKO HOT BLOG gathered … Read more

CBN Governor Urges Patience As Naira Struggles; Market Forces Approach Adopted

Feb 23, 2024. by Ekohot Editor

Eko Hot Blog reports that in a bid to address the challenges facing the Nigerian Naira, the Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, pleaded with Nigerians to exercise patience, assuring that the apex bank is tirelessly working to strengthen the national currency. The appeal came during the 2024 public lecture … Read more