Nairametrics - Business news, Economy, Investing, and Financial …
Destination for Business news, financial literacy, economy, and analysis from Africa's largest economy and Nigeria news.
Naira Remains Steady in Official Market, Gains in Parallel Window …
10 hours ago · According to them, the demand for the dollar will increase as importers and travellers seek forex to meet their transactional needs. Data from the FMDQ Exchange reveals …
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 …
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.
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.
New Exchange Rate: CBN’s New Policy Helps Naira’s Value
3 days ago · The Nigerian currency has recorded a significant increase in the last one month since the implementation of EFEM; The Electronic Foreign Exchange Matching System was …
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 …
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 …
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, …
Nigeria's Supreme Court rules CBN naira redesign invalid - BBC
Mar 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 …
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