Tag: Forex
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Understanding how CBN’s new record high interest rate affects you
The Central Bank of Nigeria has raised its benchmark interest rate to a new record high in a bid to force inflation down and...
CBN likely to raise interest rate again as naira declines
The naira's continued slump and Nigeria's persistently high inflation are likely to force the Central Bank of Nigeria (CBN) to raise interest rates yet...
Naira tumbles past 1,500 to dollar – first time in 2 months
The Naira extended its latest decline Tuesday, tumbling below N1500 on the parallel market for the first time in two months and dimming hopes...
Naira tumbles after brief rally as Nigeria dollar supply falls
The naira weakened Tuesday for a third straight day after a brief period of strength that saw it become the world's best-performing currency.
The currency...
CBN crashes dollar rate with new sales to BDCs
The Central Bank of Nigeria (CBN) has announced continued dollar sales to Bureau De Change (BDC) operators, in a bid to further strengthen the...