Nigeria’s Naira Hits Fresh Low Against Dollar Despite Rate Hike
WEB12 hours ago — Nigeria’s naira fell to a fresh low against the dollar, shrugging off on a surprise interest-rate increase amid ongoing local scarcity of the US currency. The naira slipped to 1,677 per dollarat ...
Naira declines by 8.2% amid dollar shortage - Punch Newspapers
WEB3 hours ago — Nigeria’s naira has continued its downward slide, falling to a new low of N1,677 per dollar at the official close on Wednesday. ... Related News. Naira surged by 4.8% after domestic dollar bond ...
End to Nigeria currency peg causes biggest fall in naira’s history
WEBJun 14, 2023 — Nigeria has abandoned its years-long currency peg and allowed the naira to trade freely, traders and local bankers said, prompting the biggest single-day fall in its history.
FG proposes NIMASA, NPA to collect fees and charges in Naira …
WEB19 hours ago — The federal government is proposing that the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA) to begin collecting charges, fees, fines and others in Naira rather than in foreign currencies. The Special Adviser to the President on Information and …
Nigeria allows naira to drop more than 36% on official market
WEBJun 14, 2023 — Nigeria's central bank allowed the naira currency to drop as much as 36% on the official market on Wednesday, days after President Bola Tinubu suspended the central bank governor who oversaw...
Nairametrics - Business news, Economy, Investing, and Financial …
WEB5 days ago — Destination for Business news, financial literacy, economy, and analysis from Africa's largest economy and Nigeria news.
Nigeria Surprises With Half-Point Hike to Curb Inflation
WEB2 days ago — September 24, 2024 at 9:16 AM EDT. Save. The Central Bank of Nigeriasurprised financial markets by raising borrowing costs to a fresh record high to quell inflation and support the naira. The ...
Naira Reverses Gains as Outlook Dims on Declining Dollar Inflows
WEBMay 10, 2024 — Nigeria’s naira has reversed recent gains and is now the world’s worst performing currency in the last month, increasing pressure on the central bank to keep raising interest rates.
Nigeria allows currency to drop third of value on official market
WEBJun 14, 2023 — Nigeria’s central bank allowed the naira currency to drop as much as 36 percent on the official market on Wednesday, days after President Bola Tinubu suspended the central bank governor who...
Nigeria’s currency has fallen to a record low ... - Associated Press News
WEBFeb 17, 2024 — The latest government statistics released Thursday showed the inflation rate in January rose to 29.9%, its highest since 1996, mainly driven by food and non-alcoholic beverages. Nigeria’s currency, the naira, further plummeted to 1,524 to $1 on Friday, reflecting a 230% loss of value in the last year.
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