Nigerian Currency Plunges to All-Time Low Versus Dollar, Central Bank Revokes Licenses of 2,700 Currency Exchanges
The exchange rate of the Nigerian currency versus the greenback recently plunged to an all-time low of NGN860:USD1.…
Browsing Tag
naira devaluation
5 posts
Nigeria Declares Food Emergency After Sixth Consecutive Increase in Inflation Rate
The Nigerian government declared a food price emergency after the latest data from the National Bureau of Statistics…
Nigeria Currency Presently Undervalued Says Bank of America Analysts
According to Bank of America analysts, the Nigerian currency is currently undervalued and will likely end the year…
Nigerian Currency Falls by More Than 30% After Central Bank Announced New Forex Market Rules
The Nigerian currency’s official exchange rate versus the greenback recently plunged to NGN634 per dollar from just under…
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission
According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the…