Nairametrics - Business news, Economy, Investing, and Financial …
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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...
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.
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.
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 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 naira at record low despite improving FX liquidity
WEBABUJA, Feb 9 (Reuters) - Nigeria's naira dropped to a record intra-day low against the dollar on Friday, LSEG data showed, following a devaluation last week, its second adjustment in less than a...
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 naira gains on spot market after central bank rate hike
WEBMar 27, 2024 · Nigeria's naira rose to a five-week high against the dollar in intraday trading on Wednesday, a day after the central bank hiked interest rates to tame inflation and lifted restrictions on...
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. The currency, which hit a record low against...