Nigeria’s currency has fallen to a record low ... - Associated Press News
Feb 17, 2024 · ABUJA, Nigeria (AP) — Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has provoked anger and protests across the country.
End to Nigeria currency peg causes biggest fall in naira’s history
Jun 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.
Naira to End 2024 on New Note as Traders, Currency Dealers Sell …
Dec 31, 2024 · The Nigerian naira traded negatively in the Electronic Foreign Exchange Market System (EFEMS) on Monday, December 30, 2024, despite FX reserves growth. ... and the economy. He has worked in many media organizations such as Daily Independent, TheNiche newspaper, and the Nigerian Xpress. He is a 2018 PwC Media Excellence Award winner. Email ...
Naira News | Latest News - NewsNow
Latest news on Nigerian Naira (NGN), tracking exchange rates, currency reforms, CBN policies and economic updates. Follow the latest on Nigeria's legal tender.
Nigeria devalues the naira in bid to attract foreign investors
Feb 1, 2024 · Charlie Robertson, head of macro strategy at asset management firm FIM Partners, said the new methodology could help Nigeria attract more investment as it essentially abolishes the multiple...
Nigeria allows currency to drop third of value on official market
Jun 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 defies CBN’s forex reforms, tumbled 41% in 2024 - Punch …
6 days ago · The official exchange rate between the naira and the United States dollar ended in 2024 at N1,535/$, an analysis of data from the Central Bank of Nigeria has shown. This was a 40.9 per cent ...
Why Nigeria’s Naira Currency (NGN USD) Slumped and Why It …
Sep 13, 2024 · In an attempt to fix the problem, President Bola Tinubu relaxed longstanding foreign exchange restrictions shortly after taking office in May 2023. The local naira currency, pegged for years at...
Naira Archives - Guardian Nigeria News
The Central Bank of Nigeria (CBN) has warned commercial banks over their rejection of dirty and mutilated naira banknotes from depositors, adding that they will face sanctions. The CBN issued...
Nigeria's naira crisis: Supreme Court suspends banknote deadline - BBC
Feb 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...
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