Nigeria allows naira to drop more than 36% on official market
WEBABUJA, June 14 (Reuters) - 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...
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...
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.
Nairametrics - Business news, Economy, Investing, and Financial …
WEB3 days ago — Destination for Business news, financial literacy, economy, and analysis from Africa's largest economy and Nigeria news.
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.
Nigeria devalues the naira in bid to attract foreign investors
WEBFeb 1, 2024 — Nigeria has sharply devalued its currency for the second time in eight months, as the west African country bids to clear up its messy system of exchange rates and attract investment to its ...
NGN/USD: Naira's Outlook Brightens As Currency Stabilizes
WEBMar 18, 2024 — Nigeria’s prolonged battle to stabilize its currency is finally bearing fruit, with analysts now forecasting the battered naira could rebound sharply before the end of the year.
Nigeria’s naira rebounds sharply after bumper interest rate rises
WEBApr 25, 2024 — The Nigerian naira has reversed recent losses to become the world’s best-performing currency in recent weeks, lifted by two huge interest rate rises.
Nigeria's naira crisis: Supreme Court suspends banknote deadline - BBC
WEBFeb 8, 2023 — Nigeria's Supreme Court has temporarily suspended Friday's deadline to stop using old banknotes, which had caused a cash crisis in the country. Banks have not been releasing enough of the new...
Nigeria's Supreme Court rules CBN naira redesign invalid - BBC
WEBMar 3, 2023 — Nigeria's Supreme Court has ruled that old banknotes remain legal tender until the end of the year, bringing relief to millions affected by a chaotic redesign of the naira notes. The justices...
- Some results have been removed