Tag: Naira
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Nigeria’s Central Bank Devalues Naira, Raises Lending Rate
The Central Bank of Nigeria, CBN, has announced a new official naira-to-dollar exchange rate, forcing down the Nigerian currency by 13 naira, as the...
Lower Oil Price Forces The Nigerian Naira To Sink All Time Low Against The Dollar
Nigeria’s Naira sank to its lowest intraday level in almost five-years of 171.65 as the Nigerian Central Bank moved to curb excess dollar demand...
Naira Strengthens Against Dollar As CBN Sells $299.9m
By Hope Moses-Ashike
The naira on Tuesday firmed up against the US dollar gaining 50 kobo at the Nigeria Interbank Foreign Exchange (NIFEX) market as...
