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Nigeria's Naira Hits Fresh Low Against Dollar
Nigeria’s Naira Hits Fresh Low Against Dollar Despite Rate Hike
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.
Nigeria's central bank surprises with fifth rate hike this year
Nigeria's central bank unexpectedly raised its benchmark lending rate by 50 basis points to 27.25% on Tuesday in a unanimous decision to tame persistent inflationary pressures, bank governor Olayemi Cardoso said.
Nigeria’s Central Bank Surprises Markets with Fifth Rate Hike
Nigeria's central bank has once again raised its benchmark lending rate by 50 basis points to 27.25%, marking its fifth rate hike this year. The move, which surprised analysts, aims to combat persistent inflation.
Daily Post Nigeria on MSN
1d
Naira crisis: CBN sells $20,000 to BDCs at N1590 per dollar exchange rate
The Central Bank of Nigeria said it has sold foreign exchange worth $20,000 to eligible Bureau De Change operators at N1590 ...
The Punch Newspapers
10h
Naira declines by 8.2% amid dollar shortage
Nigeria’s naira has continued its downward slide, falling to a new low of N1,677 per dollar at the official close on ...
Vanguard
6h
Naira rises to N1,675 in parallel market
As NAFEM turnover rises 232% By Elizabeth Adegbesan The Naira yesterday appreciated to N1,675 per dollar in the parallel ...
Daily Post Nigeria on MSN
1d
Naira: Why FAAC releases worsen FX pressures – CBN Governor, Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso has explained that monthly revenue releases by the Federal ...
TheCable
19h
Presidency: Tinubu will seek n’assembly approval for NPA, NIMASA to charge in naira
The federal government is proposing the collection of charges, fines and others, by NIMASA and NPA, be in naira rather than ...
Nairametrics
23h
Naira closes at N1,667.42 in I&E window on September 25
The Nigerian naira continued its slide against the US dollar, closing at N1,667.42 in the official Investor and Exporter (I&E ...
legit
8h
Nigerian Fintech Shuts Down Virtual Card as New Naira Rate Worries Nigerians
In an email to users, Risevest explained that the suspension was caused by problems with the card issuers, erratic exchange ...
LEADERSHIP Newspaper
1d
Stabilisation Bill Aims To Strengthen Naira Against Dollar – Presidency
The presidency is pressing ahead with efforts to strengthen the naira against the dollar, with a proposed Economic ...
Nairametrics
1d
FG proposes NIMASA, NPA to collect fees and charges in Naira rather than Dollars
The federal government is proposing that the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian ...
legit
1d
CBN Adjusts FX For Banks, Currency Traders, Others as Naira Sets New Records in Official Window
The Nigerian currency, the naira has plummeted to an all-time low in the official market and a seven-month low in the ...
3d
Dangote Says Time for Nigeria to End Fuel Subsidy, Boost Naira
Nigerian billionaire Aliko Dangote said the “time is right” for the West African nation to end a decades-long subsidy on fuel ...
Daily Post Nigeria on MSN
13h
Naira appreciates after CBN intervention
The naira appreciated massively against the dollar in the foreign exchange market 24 hours after the Federal Bank of Nigeria ...
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